GBPJPY repeats the fluctuation – Analysis – 17-8-2018

The GBPJPY pair repeated the sideways fluctuation due to that 139.65 level continues to form intraday support against the negative trading, and as long as the price is stable within the bearish channel, besides 141.85 level forms initial resistance, we will continue to suggest the negative attack, reminding you that declining below the current support will allow the price to record more negative targets that start at 138.00.

We remind you that attempting to breach the initial barrier at 141.85 will postpone the negative attack and push the price to provide correctional positive trades by targeting 143.50 followed by reaching the key resistance 144.90.

Expected trading range for today is between 141.85 and 139.65

Expected trend for today: Bearish