GBPJPY attempts to keep the negativity – Analysis – 13-9-2018

Stochastic positive effect continued on the GBPJPY pair’s trading, to notice its consolidation around the moving average 55, approaching the additional resistance at 146.00, thus, we will keep our negative overview unless breaching this resistance, waiting to gather new negative momentum to start achieving the negative targets at 143.70 followed by 141.75.

Any positive close above 146.00 will confirm blocking the price within tight range to fluctuate between the main bearish channel’s resistance at 147.80 and 146.00 support, which will form the new sideways range support line.

Expected trading range for today is between 146.00 and 143.75

Expected trend for today: Bearish