Daily analysis of GBP/JPY for September 05, 2016

Overview

The GBPJPY pair rebound negatively after touching 138.80 levels affected by stochastic stability below 80 levels. Holding above 137.00 confirms positive domination for the upcoming trading and boosts expectations for another positive momentum, followed by reaching the previously expected target at 140.00. The price attempt to decline below 137.00 levels will postpone the positive overview and will lead to rebound negatively once again until testing the minor bullish channel support around 135.00. The expected trading range for today is between 137.40 and 140.00.

The material has been provided by InstaForex Company - www.instaforex.com

From www.instaforex.com http://ift.tt/2bZWMXR