Overview
The GBPJPY pair formed a strong negative attack last Friday, surpassed the first target at 133.90 and moved to the second target at 132.70, while the consolidation of the price within the bearish channel confirms the continuation of the negativity. The price is expected to attempt to record a new negative target by reaching 132.10. The moving average 55 holds steady below the bearish channel’s resistance, reinforcing negative pressure and providing the price with negative momentum until reaching the awaited target. The expected trading range for today is between 133.80 and 132.10.
The material has been provided by InstaForex Company – www.instaforex.com
The post Daily analysis of GBP/JPY for September 19, 2016 appeared first on forex-analytics.press.