GBPJPY remains below average
Updated
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GBPJPY 6H NEW FORECAST
Yesterday, the pair's price tried to compensate for some losses by rushing towards 186.20, thus confronting the 55-moving average axis, which strengthens the stability of the additional barrier positioned at 186.35. We notice that it sneaked back in a negative way towards 185.85.
We reiterate that the price continuing to offer closings below the previously mentioned barrier will increase the chances of renewing the bearish corrective attempts. We expect it to soon gravitate towards 185.35, reaching support for the ascending channel extending towards 184.55.
The expected trading range for today is between 186.20 and 185.35
The expected general trend for today: bearish with the stability of the barrier
GBPJPY 6H NEW FORECAST
Yesterday, the pair's price tried to compensate for some losses by rushing towards 186.20, thus confronting the 55-moving average axis, which strengthens the stability of the additional barrier positioned at 186.35. We notice that it sneaked back in a negative way towards 185.85.
We reiterate that the price continuing to offer closings below the previously mentioned barrier will increase the chances of renewing the bearish corrective attempts. We expect it to soon gravitate towards 185.35, reaching support for the ascending channel extending towards 184.55.
The expected trading range for today is between 186.20 and 185.35
The expected general trend for today: bearish with the stability of the barrier
Trade active
Yesterday, the pair's price formed a strong negative attack, Also, continuing to provide the Stochastic indicator of negative momentum with its stability within the oversold level will in turn increase the negative pressures, calling us to prefer targeting the price to new negative stations that may extend towards 182.80, reaching towards 181.95 in the medium-term trading.
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