GBPJPY approaches from the second target – Analysis – 3-5-2017

The GBPJPY price provided new bullish trading yesterday to approach from the second target at 145.40, reminding you that the domination of the positivity in the current trading depends on the stability of the initial support at 143.30, surpassing the current target makes us expect renewing the bullish attack to target 146.30 reaching to 148.45.

While the stability of 145.45 level against the bullish attempts might force it to provide sideways trading with a possibility to test the mentioned initial support until gathering new bullish momentum, to resume its bullish attack.

Expected trading range for today is between 143.35 and 146.30

Expected trend for today: bullish by surpassing the current barrier