GBPJPY leans on the initial support – Analysis – 25-10-2017
Economies.com
2017-10-25 07:03AM UTC
The GBPJPY pair showed new positive close yesterday by leaning above the initial support at 149.10, while the stability of this support allows us to keep our bullish overview that targets 151.60 followed by reaching 152.85.
We should note that moving below the initial support will confirm postponing the bullish attack and provide some correctional bearish trading to test the key support at 147.30.
Expected trading range for today is between 149.10 and 151.60
Expected trend for today: Bullish
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