Forex

The GBPJPY still negative – Analysis – 18-9-2020

2020-09-18 08:07:16 GMT (Economies.com)

The GBPJPY pair bounced upwards after touching 134.55 level to attempt to gather the additional negative momentum and reinforce the continuation of the negativity for the upcoming trading.

 

The frequent negative stability below 136.65 barrier and the stability of the moving average 55 above it will confirm the preparation to renew the negative attempts, expecting to move towards 38.2% Fibonacci correction level at 133.68, while surpassing it might extend trades towards 31.90 to form the next target of the bearish bias.

 

The expected trading range for today is between 136.70 and 134.20

 

The expected trend for today: Bearish

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