The GBPJPY prepares for strong decline – Analysis – 31-7-2019
Economies.com
2019-07-31 07:12AM UTC
The GBPJPY pair still stable negatively below the broken bearish channel, reinforcing the chances of forming additional negative attack in the near term and medium term period, while we will depend on 133.50 level forming key resistance to wait recording new negative targets by moving towards 131.20 followed by reaching 130.00 on the medium term basis.
Stochastic continuous fluctuation within the oversold areas reinforces our negative overview by providing additional negative momentum to force the price to continue forming the negative trades and achieving the mentioned targets.
The expected trading range for today is between 132.45 and 130.00
The expected trend for today: Bearish
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