The GBPJPY keeps its negative stability – Analysis – 17-9-2020

Economies.com
2020-09-17 05:26AM UTC

The GBPJPY pair kept its negative stability below the initial barrier at 136.65, to increase the chances of forming new bearish waves in order to reach the main stations at 134.80 followed by 133.68.

 

Stochastic attempt to exit the oversold areas might force the price to form temporary sideways fluctuation until gathering new negative momentum to confirm the chances of reaching the mentioned stations.

 

The expected trading range for today is between 136.70 and 134.80

 

The expected trend for today: Bearish

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