The GBPJPY reaches to the average – Analysis – 19-9-2019

The GBPJPY pair lost the positive momentum yesterday, which forces it to form a clear negative rebound approaching from the moving average 55, reinforcing the stability of the initial support at 134.10, the current scenario depends on the strength of this support, and its stability makes us expect renewing the bullish attempts, to target 135.10 reaching to 136.50 level.

While the price reach below the current support and providing negative close will confirm delaying the bullish attack, to suffer several losses by reaching 133.60 reaching to the critical support at 132.60.

The expected trading range for today is between 136.25 and 133.70

The expected trend for today: Bearish