Forex

The GBPJPY seeks additional momentum – Analysis – 19-7-2019

2019-07-19 08:20:58 GMT (Economies.com)

The GBPJPY pair lost the negative momentum yesterday, which forced the price to form intraday positive rebound and settle near 135.00 level, while fluctuating within the bearish channel besides 136.10 level forming additional barrier allows us to wait to gather new negative momentum to assist to form strong negative attack and press on 133.15 support.

 

On the other hand, attempting to breach 136.10 barrier will postpone the negative attack, to expect forming correctional bullish rally to target 137.60 followed by 138.50 levels.

 

The expected trading range for today is between 136.10 and 133.15

 

The expected trend for today: Bearish

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