GBPJPY is forced to fluctuate in sideways range– Analysis – 5-5-2017

The GBPJPY price failed to settle above 145.45, to keep forming good barrier against the bullish attempts, to begin providing sideways fluctuation moves as appears in the above image, stochastic surpass to the overbought level will make the price lose its positive momentum in the current trading, to expect its affection by the sideways bias domination, and there is a good chance for testing the initial support at 143.30.

Which makes us suggest the neutrality if the main levels settled, to keep waiting for gathering the bullish momentum that allows it to confirm the breach and resuming recording the gains that begin at 146.30 reaching to the achieved top at 148.45.

Expected trading range for today is between 143.35 and 145.45

Expected trend for today: neutral.