The GBPJPY postpones the bullish attack – Analysis – 7-8-2020
Economies.com
2020-08-07 08:23AM UTC
The GBPJPY pair continued to provide negative closings below 139.60 barrier, to form solid barrier against the bullish attack and force the price to form correctional bearish crawl to settle near 138.30.
Also, stochastic exit from the overbought areas allows us to suggest the correctional bearish fluctuation for now, to manage to test 50% Fibonacci correction level at 136.65 before recording any new positive target.
The expected trading range for today is between 139.00 and 136.60
The expected trend for today: Bearish temporarily
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