GBPJPY is calm – Analysis – 14-12-2017

The GBPJPY pair repeated the calm sideways trades by lacking the positive momentum until this moment, to repeat the fluctuation around 151.50 level, while failing to gather the bullish momentum in the near time period will push the price to repeat attempts to test the initial support at 150.00 before achieving any new positive target.

On the other hand, rallying above 152.85 barrier will reinforce the domination of the bullish bias again, to ease the attempts to reach towards the waited positive levels that start at 154.45, thus, we will keep waiting to breach one of the currently dominating levels to avoid any losses that might appear due to the fluctuation within the current sideways range.

Expected trading range for today is between 150.00 and 152.85

Expected trend for today: Sideways