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12.01.201817:29 Forex Analysis & Reviews: Daily analysis of GBP/JPY for January 12, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 12.01.2018 analysis

Overview

Though the GBP/JPY pair has been trading positively recently, its stability below 152.85 level confirms that bears will dominate in this pair in the short and medium term. Therefore, we will keep the negative suggestion and wait for the pair to gather new negative momentum that allows it to achieve the correctional target at 149.50. The continuation of stochastic stability within the oversold level will provide extra negative momentum that confirms the suggested negativity. The expected trading range for today is between 151.50 and 149.60

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