GBPJPY affected by the indicators' contradiction – Analysis – 9-12-2016

The GBPJPY pair did not record any new positive level to be affected by the contradiction of the major indicators to keep its stability above the initial support at 143.00, while in general, the fluctuation above the main support at 140.00 allows us to wait to gather strong positive momentum followed by starting to record more targets by moving towards 146.60 then 148.25.

We remind you that that attempting to decline below the initial support will postpone the bullish overview and start forming correctional bearish bias until testing 140.00.

Expected trading range for today is between 143.00 and 146.60

Expected trend for today: Bullish