FX.co ★ Daily analysis of GBP/JPY for March 29, 2018

Overview

The Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station. In general, we will continue to suggest the bearish trend unless the price managed to breach 1335.40 and hold above it. The expected trading range for today is between 1316.00 support and 1335.00 resistance.