The GBPJPY takes a breath – Analysis – 19-6-2019
Economies.com
2019-06-19 06:35AM UTC
The GBPJPY pair touched 135.55 level yesterday, to record the first suggested target at to form initial obstacle against the negative attack, which interprets the intraday positive rebound, while holding below 136.60 will force the price to renew the pressure on the current obstacle, which breaking it will allow the price to reach the next negative station at 134.05.
On the other hand, rallying above 136.60 will increase the chances of forming correctional bullish rebound with chances to test 138.50 resistance.
The expected trading range for today is between 136.60 and 134.05
The expected trend for today: Bearish
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