GBPJPY faces sudden negative pressure– Analysis – 24-9-2018

The GBPJPY pair touched 149.70 level, to form an extra barrier against the bullish attempts, to notice stochastic negativity by its decline to 147.20, the price settles within a tight sideways range that is represented by the bearish channel’s resistance at 147.70, while 146.65 level represents a historical support extension as appears in the above image.

Therefore, we recommend the neutrality until surpassing one of the main levels, to detect the main targets in the near and medium period trading.

Expected trading range for today is between 146.65 and 147.70

Expected trend for today: Neutral