The GBPJPY keeps the negative stability – Analysis – 19-10-2020
Economies.com
2020-10-19 05:26AM UTC
The GBPJPY pair repeated the negative closings below 136.60 barrier, to increase the chances of renewing the bullish attempts by crawling towards 135.60 first, while breaking this level might extend losses towards 134.85 and 134.35 levels.
On the other hand, attempting to breach 136.60 and holding above it will confirm postponing the negative attack, to expect forming correctional bullish waves that might push the price to reach 137.30 and 138.10 levels before recording and any new negative target.
The expected trading range for today is between 136.60 and 135.60
The expected trend for today: Bearish
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