GBPJPY attempts to confirm the positivity – Analysis – 28-11-2016

The GBPJPY price provided several closes above the support level that located at 139.40 currently, to settle with an intraday sideways trading until gathering the required positive momentum, reminding you that the bullish scenario will remain valid if the mentioned support settled, waiting for the price attempt to record some targets that begin at 141.60 reaching to 143.20.

While the price negative moves and its attempt to provide negative close below the current support will force it to settle within the bearish channel levels, to expect the beginning of forming negative attack, to be attracted to 138.60 first then extends the trading towards the moving average 55 that located at 135.00.

Expected trading range for today is between 139.40 and 141.60

Expected trend for today: Bullish