The GBPJPY price declined yesterday towards achieving the negative correctional target at 138.50 to face the extension of strong support as appears in the above image, surpassing the moving average supports getting rid of the negative pressures, to repeat the positive attempts and to expect targeting 142.50 in the near and medium period.
Stochastic surpass to the oversold level supports surpassing the negative pressures, to provide new positive momentum, which ease the attempt of renewing the bullish attack.
Expected trading range for today is between 139.00 and 142.50
Expected trend for today: bullish.