Overview
The GBP/JPY price was affected by new negative pressure. Stochastic formed a new bearish wave that makes the price move below 143.25 levels as shown in the image above. The stability of this support will delay the bullish overview, which increases the chances of suffering several losses by reaching 142.20 and 140.35. That is why we expect the price to move upwards reaching the anticipated levels. Then monitor the price behavior to detect the main trend in the future period. The expected trading range for today is between 143.80 and 140.40.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2hQVKkb
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