The GBPJPY settles above the support – Analysis – 30-9-2019

The GBPJPY pair confirmed facing the negative pressures by providing a new positive close above the support at 132.30, to increase the chances for renewing the bullish attempts in the near and medium period, the price should gather a strong positive momentum that allows it to rally to 133.70 and surpassing it might extend the trading to 135.60 in the upcoming period.

Note that the attempt of breaking the current support and providing a negative close below it, will confirm its move to a new negative track, to suffer new losses by reaching 131.30 and 130.60.

The expected trading range for today is between 132.30 and 133.70

The expected trend for today: Bearish