GBPJPY keeps the positivity– Analysis – 8-3-2018

Despite the GBPJPY pair’s affection by the intraday sideways bias domination due to the stability of 148.35 barrier, its consolidation within the bullish channel confirms its preparation to resume the bullish attack in the upcoming period, while we recommend the required breach to avoid any losses due to the current sideways fluctuation, which will provide real chance to record more targets that start at 150.20 followed by 152.70.

Stochastic continuous positive momentum signals and approaching 80 level agree our bullish overview, to provide good chance to achieve the required breach and reach our targets.

Expected trading range for today is between 146.15 and 148.35

Expected trend for today: Sideways