The GBPJPY miss the negativity– Analysis – 24-4-2019

The GBPJPY pair miss the negative trading by its attempt to reach below the moving average 55, to end the chances for forming a bullish correctional trading in the current period, and the stability of the price below 144.80 level, so that makes us to prefer the negative attempts, to expect targeting 143.70 level, then presses on the barrier at 142.10.

The price gets its negative momentum by stochastic stability within the oversold level, reminding you that the stability of the trading within the bearish channel levels increases the chances to decline in the near period to achieve the suggested targets.

The expected trading range for today is between 145.20 and 143.70

The expected trend for today: Bearish