Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of GBP/JPY for June 05, 2018

parent
Forex Analysis:::2018-06-05T11:40:04

Daily analysis of GBP/JPY for June 05, 2018

Daily analysis of GBP/JPY for June 05, 2018

Overview

The GBP/JPY pair signaled that it is keeping the overall negative bias with a new negative close below the 147.70 resistance. On the other hand, the contradiction between the major indicators might force the price to provide some sideways trading until gathering the negative momentum followed by new downward trades to renew the pressure on 145.00 level, followed by the second target at 143.00. Stochastic reaches the overbought areas. It confirms that the price is about to get rid of the positive pressures. This paves the way to gather new negative momentum that confirms further bearish pressure. The expected trading range for today is between 147.00 and 145.00

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...