The GBPJPY takes a breath – Analysis – 4-6-2019

Economies.com
2019-06-04 08:05AM UTC

The GBPJPY pair formed clear stability around 136.85 level, attempting to take a breath before resuming the main bearish attack, reminding you that it is important to hold below 140.40 barrier besides forming additional resistance at 138.35 to reinforce the negative overview and increase the chances of gathering the negative momentum again.

 

Therefore, we will keep our negative overview, reminding you that the additional targets located at 135.00 followed by 134.15 levels.

 

The expected trading range for today is between 137.60 and 135.50

 

The expected trend for today: Bearish

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