The GBPJPY settles below the barrier – Analysis – 19-8-2019
Economies.com
2019-08-19 10:05AM UTC
The GBPJPY pair approached in its last correctional trading that comes from 130.00 barrier, to increase the chances for renewing the negative attempts, the bearish scenario success requires the repeated stability below the current barrier besides gathering a new negative momentum, to ease the price mission at 128.10 initially, to attempt to press on 126.50 support.
While the price rally above the current resistance will increase the chances for forming a bullish correctional trading, to target 131.70 level reaching to the critical resistance at 133.00.
The expected trading range for today is between 130.00 and 128.10
The expected trend for today: Bearish
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