GBPJPY attempts to release positively – Analysis – 25-11-2016
Economies.com
2016-11-25 08:35AM UTC
The GBPJPY pair resumed its bullish rally yesterday to surpass the bearish channel's resistance around 140.10 for today, attempting to start forming new bullish bias, while the price needs to settle above the breached resistance to confirm the bullish attempts, followed by starting to record some gains by reaching 141.60 followed by 143.10 levels.
Stochastic stability within the overbought areas will increase the positive pressure on the current trading, and attempt to provide new positive momentum to confirm the attempt to reach the previously suggested targets.
Expected trading range for today is between 140.00 and 141.60
Expected trend for today: Bullish
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