The GBPJPY tends to the negativity – Analysis – 15-8-2019

The GBPJPY pair ended the bullish correctional rebound by providing a negative stability below the resistance at 130.00, to support the continuation of the negativity, to notice its decline to 127.65, and reaching below the support at 126.50 is important to open the way towards recording new negative targets that might begin at 124.85 and 123.25.

While the price rally above the current resistance, so that will delay the negative attack, which forces it to resume the bullish correction, targeting some positive levels by reaching 131.70 followed by the extended resistance at 133.00.

The expected trading range for today is between 128.80 and 126.50

The expected trend for today: Bearish