The GBPJPY shows intraday rebound – Analysis – 14-8-2019
Economies.com
2019-08-14 09:22AM UTC
The GBPJPY pair failed to break 126.50 support, to force the price to form correctional bullish rebound and record 129.20 level, settling below the additional resistance 130.00.
The stability of the additional resistance allows us to expect renewing the negative attempts, to repeat the pressure on 126.50 obstacle at 126.50, while breaking this level will push the price to reach the additional targets at 124.85 and 123.25 levels.
The expected trading range for today is between 130.00 and 127.00
The expected trend for today: Bearish
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