The GBPJPY is stable – Analysis – 8-7-2019

Economies.com
2019-07-08 06:06AM UTC

The GBPJPY pair settles around 135.50 level, and the negative pressure still valid on the intraday and short term basis, as the price moves inside the main bearish channel that appears on the chart, waiting for more decline to visit 133.70 level mainly.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 137.60.

 

The expected trading range for today is between 136.25 and 133.70

 

The expected trend for today: Bearish

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