The GBPJPY surrenders to the negativity – Analysis – 23-5-2019
Economies.com
2019-05-23 07:42AM UTC
The GBPJPY pair lost the chance to form correctional bullish trades by facing strong negative pressures to notice crawling below 139.55, hinting the preparation to form new negative attack, while the bearish scenario targets 139.10 level initially, followed by reaching 138.40 level to confirm its consolidation within the bearish channel to reinforce the chances of recording targets in the upcoming period.
Stochastic attempt to crawl towards the oversold areas increases the chances of gathering the negative momentum to support our expectations to record the mentioned targets.
The expected trading range for today is between 140.40 and 139.10
The expected trend for today: Bearish
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