Day-to-day analysis of GBP/JPY for November 23, 2016 888011000 110888 Summary The GBPJPY pair lost its bullish momentum after reaching 138.80 as stochastic tried to leave the overbought area, which might require the price to move downwards to evaluate 136.80 levels, waiting to acquire bullish momentum and test the main resistance at 140.40. In basic, the bullish introduction will remain valid as long as the mentioned preliminary assistance remains intact as a break of it will increase negative pressure on the cost making it decrease to the moving average 55 at 134.35. The anticipated trading range for today is in between 136.80 and 140.40. The material has been offered by InstaForex Company- www.instaforex.com

By | November 23, 2016

Introduction The GBPJPY set lost its bullish momentum after reaching 138.80 as stochastic tried to

exit the overbought area, which might require the price to move downwards to check 136.80 levels, waiting to acquire bullish momentum and test the primary resistance at 140.40. In basic, the bullish summary will remain valid as long as the discussed preliminary assistance stays undamaged as a break of it will increase negative pressure on the price making it decrease to the moving typical 55 at 134.35. The expected trading variety for today is between 136.80 and 140.40. The material has actually been supplied by InstaForex Business – www.instaforex.com

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