The GBPJPY surrendered to the contradiction of the indicators – Analysis – 21-8-2019

The GBPJPY pair continued providing weak sideways trading by its stability near the resistance at 130.00, due to the continuation of the main indicators contradiction, while facing stochastic positivity and its stability below the current resistance, so that confirms its readiness to build a strong negative trading, to target 128.10 and 126.50 level.

While the price rally above the current resistance will force it to form new bullish correctional trading, to target positive levels that begin at 131.70 reaching to the critical resistance at 133.00.

The expected trading range for today is between 130.00 and 128.10

The expected trend for today: Bearish