GBPJPY begins the rise – Analysis – 14-6-2017

The GBPJPY price affected by the strength of the support at 138.60, to begin forming a bullish rally and recording 140.25 level, we will keep our bullish expectation by the continuation of the current support stability, to confirm surpassing the moving average 55, which forms an intraday obstacle at 141.70 level, to ease the attempt of recording the main targets at 143.30 and 145.60.

Stochastic begins attempts to form a bullish rally to confirm surpassing the negative pressure, to attempt to provide new positive momentum until achieving the suggested targets.

Expected trading range for today is between 139.00 and 141.70

Expected trend for today: Bullish