The GBPJPY might decline – Analysis – 31-3-2020

The GBPJPY pair failed to surpass 134.50 barrier yesterday, to form negative pressure and force the price to form temporary negative rebound towards 133.05, while continuing the fluctuation below the mentioned barrier allows us to suggest suffering some losses that might start at 132.05 followed by 130.65, to get positive momentum to resume the positivity in the upcoming period.

Therefore, we will suggest the bearish bias as long as 134.50 level remains intact, which forms major door to resume the positivity that might target 136.95 level in the upcoming period.

The expected trading range for today is between 134.55 and 132.05

The expected trend for today: Bearish