GBPJPY achieved the breach – Analysis – 8-5-2017

The GBPJPY managed to achieve the required breach for the barrier at 145.45 level, to announce the continuation of the bullish attempts, to notice resuming recording the gains by reaching 146.65, we will depend on forming a good support at 145.45 level, to expect renewing the bullish attack until hitting the recorded top at 148.45, then monitoring the price behavior to detect the true targets in the upcoming period.

Stochastic remains stable within the overbought level, reinforcing our bullish suggestion, to attempt to provide new positive momentum until reaching the suggested target.

Expected trading range for today is between 145.45 and 148.45

Expected trend for today: bullish.