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The GBPJPY suffers big losses– Analysis – 18-12-2019
The GBPJPY pair surrendered to the stability of the bullish channel’s resistance at 143.60, to notice forming a bearish correctional trading, suffering several losses due to reaching 143.07, note that the continuation of the price fluctuation below 143.80 level, so that will increase the chances for resuming the negative attack, to expect reaching 142.30 then 141.00 in the upcoming period.
note that stochastic reach below 50 level supports the bearish correctional bias domination by providing a new negative momentum, to increase the chances for reaching the mentioned stations.
The expected trading range for today is between 143.80 and 142.30
The expected trend for today: Bearish
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