The GBPJPY provides negative signal – Analysis – 29-5-2019
Economies.com
2019-05-29 07:35AM UTC
The GBPJPY pair provided new negative signal by crawling below 138.40 level, hinting the preparation to resume the main bearish trend soon, expecting to gather new negative momentum to form strong negative wave and move towards 137.30 followed by attempting to reach the main target at 135.60.
Stochastic current fluctuation near 20 level assists to provide the additional negative momentum, to increase the chances of forming the negative attack and start recording the suggested negative targets.
The expected trading range for today is between 139.00 and 137.30
The expected trend for today: Bearish
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