The GBPJPY presses on the moving average – Analysis – 1-4-2019
Economies.com
2019-04-01 07:06AM UTC
The GBPJPY pair repeated the pressure on the moving average 55 that forms good obstacle against the negative trades by consolidating at 144.30 level, recommending to provide negative close below this barrier to confirm the preparation to resume recording the negative targets around 143.80 followed by 142.30 levels.
Note that any attempt to rally above the initial resistance at 145.10 will postpone the negative attack to force the price to build intraday positive rebound until testing the key resistance at 148.30.
The expected trading range for today is between 145.10 and 143.80
The expected trend for today: Bearish
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