The GBPJPY keeps the negative stability – Analysis – 29-1-2020
Economies.com
2020-01-29 07:46AM UTC
The GBPJPY pair formed intraday positive rebound yesterday to settle below the main resistance 142.90, to keep the previously suggested negative stability.
Note that stochastic continuous fluctuation within the oversold areas will increase the chances of gathering new negative momentum, to force the price to renew the negative attempts to target 141.40 followed by reaching 61.8% Fibonacci correction level at 140.25.
The expected trading range for today is between 142.90 and 141.40
The expected trend for today: Bearish
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