The GBPJPY is without any change – Analysis – 05-6-2019
Economies.com
2019-06-05 07:13AM UTC
There is no change on the GBPJPY pair trading by its repeated fluctuation within the bearish channel levels, besides its stability below the extra resistance at 138.35, the price needs a strong negative momentum to resume the negative attack, which allows it to reach the main negative stations, that is located at 135.50 level reaching to 134.15.
Stochastic surpass to the oversold level forms the main factor for the current sideways fluctuation, to keep waiting for gaining the required extra negative momentum to resume the expected bearish attack.
The expected trading range for today is between 145.10 and 143.80
The expected trend for today: Bearish
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