The GBPJPY keeps the negative stability – Analysis – 30-5-2019

Despite the GBPJPY pair’s forming intraday positive rebound, the bearish scenario will remain valid as long as 140.40 resistance remains intact, to consolidate within the main bearish channel, while the current trades might extend to test 139.00 level that forms good barrier against the current fluctuations, while its stability might increase the chances to gather the required negative momentum to achieve the negative targets at 137.30 and 135.00 levels.

On the other hand, rallying above 139.00 will postpone the negative attack until ending the bullish rebound that targets 140.40 resistance.

The expected trading range for today is between 139.00 and 137.30

The expected trend for today: Bearish