The GBPJPY provides a new negative close – Analysis – 28-1-2020

Economies.com
2020-01-28 08:01AM UTC

The GBPJPY pair confirmed its surrender to the bearish bias domination by providing a new negative close below the resistance at 142.80, to increase the chances for forming negative trading in the near and medium period.

 

providing extra negative momentum by stochastic reach to the oversold level supports our bearish expectation, to keep waiting for recording the negative targets that are located at 141.40 reaching to 140.25.

 

The expected trading range for today is between 142.80 and 141.40

 

The expected trend for today: Bearish

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