The GBPJPY records some targets – Analysis – 9-10-2019

The GBPJPY pair recorded some of the negative targets yesterday hence it reached 130.40 level, to form a strong barrier that forces it to bounce to the upside as appears in the above image, we expect providing mixed trading until gathering a new negative momentum, to increase the chances for breaking 130.40 level and resuming the negative attack by reaching 128.80 in the upcoming trading.

Forming an extra resistance by the moving average 55 stability at 132.35 confirms the trading confinement within the bearish range, to increase the chances for gaining the required negative momentum to achieve the suggested extra targets.

The expected trading range for today is between 132.30 and 130.40

The expected trend for today: Bearish