GBPJPY keeps the positive stability – Analysis – 29-9-2017
Economies.com
2017-09-29 08:23AM UTC
Despite the GBPJPY pair's lacking to the bullish momentum, but we notice providing frequent positive closings above the initial support at 150.00, while leaning on 50% Fibonacci correction level at 149.11 forms main factor to block the price within the bullish range and form solid barrier against any attempt to build correctional bearish bias.
Therefore, we will keep waiting to gain the required momentum to manage to surpass the previously recorded top at 152.80 to start recording new targets by moving towards 155.20 and 156.90 levels.
Expected trading range for today is between 150.00 and 152.80
Expected trend for today: Bullish
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