GBPJPY prepares for new decline – Analysis – 7-2-2019
Economies.com
2019-02-07 07:49AM UTC
The GBPJPY pair ended its trading yesterday to fluctuate near the moving average55, moving away from the resistance that is located at 143.40, reinforcing the continuation of the suggested negativity, the price success to gather new negative momentum will allow it to form a strong negative attack that targets level, reaching to the next support at 140.40.
Forming an extra resistance at 142.80 level shrinks the possibility to form any positive correction that might delay the waited negative attack.
The expected trading range for today is between 142.80 and 141.45
The expected trend for today: Bearish
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