The GBPJPY repeats the pressure on the moving average – Analysis – 11-4-2019

The GBPJPY pair repeated providing negative pressures on the moving average 55 that forms an extra support at 144.60, to decelerate the main negative attempts, by the above image, we notice forming an extra resistance at 146.45, which increase the chances for forming negative trading until achieving the required break, then wait for achieving the targets by reaching 143.80 and 142.30 in the upcoming period.

Any attempt for the price rally above 146.45 level will delay the negative attack, which forces it to build new bullish correctional trading, to target the bearish channel’s resistance at 148.25.

The expected trading range for today is between 145.80 and 143.80

The expected trend for today: Bearish