GBPJPY keeps the bullish attempts – Analysis – 6-7-2018

Despite the GBPJPY pair’s fluctuation within tight range recently, its stability above the bullish channel’s support at 144.00 confirms the preparation to build new bullish attack in the near term and medium term period, thus, we will keep waiting to gather new positive momentum to support the attempt to record the positive targets that begin at 147.20 followed by 148.00.

Stochastic fluctuation below 80 level forms the main factor to postpone the bullish rally and increase the chances of gaining the positive momentum followed by achieving the suggested targets.

Expected trading range for today is between 145.35 and 147.20

Expected trend for today: Bullish