GBPJPY continues the bullish correction – Analysis – 11-11-2016
Economies.com
2016-11-11 08:38AM UTC
The GBPJPY price ended its trading yesterday by achieving clear breach to the resistance at133.25, which confirms the continuation of the bullish correctional bias domination to settle at 134, we will depend currently on the stability of 133.25 as a new support level, to expect resuming the bullish rally until reaching 136.30 then its attraction to the main resistance at 141.20.
Stochastic rally to the overbought level confirms our bullish suggestion, to keep providing the required positive momentum for the price attraction to the suggested targets.
Expected trading range for today is between 133.25 and 136.30
Expected trend for today: bullish.
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