GBPJPY begins to rise – Analysis – 12-12-2016
Economies.com
2016-12-12 07:35AM UTC
The GBPJPY pair ended its sideways fluctuation recently by providing positive close above 143.00 level, confirming its affection by the bullish bias domination, while we notice the beginning of forming bullish waves by reaching 145.50, to keep our bullish overview that targets 146.60 followed by waiting to touch 148.25.
Stochastic rally towards the overbought areas agrees the bullish overview, to provide the price with strong positive momentum that confirms moving towards the waited targets.
Expected trading range for today is between 144.10 and 146.60
Expected trend for today: Bullish
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