GBPJPY is hesitant – Analysis – 15-1-2018

The GBPJPY pair stops hesitant against the positive pressures provided by the major indicators, while the price continues to settle negatively below 152.85 barrier, reminding you that the stability of this barrier will force it to provide correctional bearish trades in the near term period to repeat the fluctuation around 150.50 level followed by reaching 149.60 that forms the moving average 55.

On the other hand, getting advantage of the positive pressures and settling above the current barrier again will confirm getting rid of the bearish bias domination and renew the positive rally to wait achieving new positive targets that might start at 153.90 followed by 156.00 in the upcoming period.

Expected trading range for today is between 152.85 and 150.50

Expected trend for today: Bearish