GBPJPY awaits the breach confirmation – Analysis – 12-3-2018

The GBPJPY pair ended the fluctuation attempts above 148.35 barrier with clear failure, to notice providing some negative bouncing moves to 147.70, the price might be forced to provide extra sideways trading, nut its stability mainly above the bullish channel’s support at 145.30 confirms the continuation of the positivity in the upcoming period.

Therefore, we prefer waiting until confirming the required breach and providing daily close above 148.35 level to avoid any losses that might cause by the sideways fluctuation, to open the way towards achieving more of the gains at 150.00 reaching to 152.85 level.

Expected trading range for today is between 147.00 and 150.00

Expected trend for today: Sideways