GBPJPY touches the second target – Analysis – 10-8-2018
Economies.com
2018-08-10 08:57AM UTC
The GBPJPY pair confirmed its affection by the bearish bias strength by forming strong negative trades, noticing reaching the second target at 141.20, while there is a chances to form some sideways fluctuations until gathering additional negative momentum to increase the chances of touching 23.6% Fibonacci correction level at 139.65.
In general, the stability of 143.40 level against the current price will confirm blocking the price within the negative range, to decrease any change to form bullish rebound that might cause unexpected intraday losses.
Expected trading range for today is between 142.60 and 139.65
Expected trend for today: Bearish
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