Overview
The GBPJPY pair showed more mixed trading on Friday approaching from the minor bearish channel resistance at 131.90. We remind you that until the current resistance holds, the price is trapped within the bearish channel. The price is likely to start forming negative attacks and attempt to reach the first target at 130.00 levels followed by the 128.60 support. Any attempt to rally above the mentioned resistance will cancel the negative overview and start forming new positive trading that targets the moving average 55 at 133.10. The expected trading range for today is between 131.90 and 130.00.
The material has been provided by InstaForex Company - www.instaforex.com