The GBPJPY repeats the negative closings – Analysis – 30-6-2020

The GBPJPY pair repeated the negative closings by consolidating near 132.50 level, to keep the bearish scenario based on the stability of 133.70 resistance, while stochastic attempt to provide the negative momentum will increase the chances of gathering the additional negative momentum to manage to record the targets at 131.30 and 130.65.

Note that attempting to breach 133.70 barrier will postpone the negative attack and start the correctional bullish rebound to target 134.55 followed by 136.05 levels before recording any new negative target.

The expected trading range for today is between 133.00 and 131.30

The expected trend for today: Bearish