Overview
The GBP/JPY price crawls to the downside showing the affection of the bearish bias domination, notice reaching of the level of 139.25. Therefore, we will keep waiting for providing negative pressure on the support at 138.80. We remind you that breaking this level will open the way towards recording of the negative targets and 137.60 level represents the bearish bias. The stability of the moving average 55 near the main resistance confirms the price confinement within the negative range, accompanied with stochastic attempt to provide negative momentum. It eases the attempt to record the suggested targets. The expected trading range for today is between 139.80 and 138.80.
The material has been provided by InstaForex Company - www.instaforex.com
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