The moving average supports the GBPJPY negativity – Analysis – 4-9-2017
Economies.com
2017-09-04 07:10AM UTC
The GBPJPY pair provided new negative close below the moving average 55 that forms good resistance around 142.80, blocking the price below the main resistance at 143.70, thus, we will keep waiting to form new negative waves, reminding you that the first negative target is located at 140.30, followed by reaching 138.50 in the upcoming period.
Stochastic release from the overbought areas supports getting rid of the negative pressures to allow the price to open the way to gather additional negative momentum that assists to reach the suggested targets.
Expected trading range for today is between 142.85 and 140.30
Expected trend for today: Bearish
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