The GBPJPY needs a strong negative momentum – Analysis – 08-10-2019
Economies.com
2019-10-08 06:52AM UTC
The GBPJPY pair didn’t move until this morning trading, in spite of its repeated fluctuation below the resistance at 133.00 announcing its need to the negative momentum, so gaining the required momentum will allow it to break 131.20 level, to begin recording the suggested negative targets that are represented by 130.65 and 128.80.
The moving average 55 fluctuation above the current trading, reinforces by the bearish bias domination by confirming the trading within the bearish range, to increase the chances for gaining an extra negative momentum in the current period.
The expected trading range for today is between 132.60 and 131.20
The expected trend for today: Bearish
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