GBPJPY attempts to resume the positivity – Analysis – 2-12-2016

The GBPJPY price managed to surpass 143.20 level, to confirm its affection by the bullish bias domination by moving away from the main support that located currently at 140.30, therefore, we will keep our bullish suggestion to expect recording new positive targets by reaching 148.20 then attracts to the main target at 154.70.

The stability of the moving average 55 below the main support level increases its strength against any sudden negative fluctuation besides stochastic attempt to rally to the overbought level, to provide the required momentum for achieving the suggested targets.

Expected trading range for today is between 143.20 and 148.20

Expected trend for today: Bullish