Daily analysis of GBP/JPY for January 12, 2018 888011000 110888 Summary Though the GBP/JPY set has actually been trading favorably recently, its stability listed below 152.85 level verifies that bears will dominate in this set in the medium and short term. For that reason, we will wait and keep the negative recommendation for the pair to collect new negative momentum that permits it to attain the correctional target at 149.50. The extension of stochastic stability within the oversold level will provide additional unfavorable momentum that confirms the recommended negativeness. The expected trading range for today is between 151.50 and 149.60 The material has actually been provided by InstaForex Company-www.instaforex.com

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