GBPJPY hits the first target – Analysis – 16-11-2016
Economies.com
2016-11-16 08:09AM UTC
The GBPJPY trading extended to the upside to record the first waited target at 136.30, to confirm its affection by the bullish bias domination, the continuation of the moving average 55 stability below the current trading forms a main factor to confirm the positivity, to expect the attempt of recording new targets by reaching 138.80, to test the main resistance at 140.40.
Stochastic keeps supporting the positive overview by its stability within the overbought level, providing new chance for gaining the required momentum until reaching the suggested targets.
Expected trading range for today is between 134.10 and 138.80
Expected trend for today: Bullish
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