The GBPJPY keeps the negativity – Analysis – 20-6-2019

Despite the GBPJPY pair’s attempt to form correctional bullish rebound, providing negative close below 136.60 reinforces the continuation of the previously suggested negativity, thus, we will keep waiting to gather new negative momentum to manage to form strong negative attack and target 135.30 followed by 134.05 levels.

Stochastic current approach to 50 level forms the major factor to the price affection by the intraday correctional attempts, thus, we need to get new negative momentum to ease the mission of renewing the suggested negative attack.

The expected trading range for today is between 137.00 and 135.30

The expected trend for today: Bearish