GBPJPY looks for extra momentum – Analysis – 30-1-2017
Economies.com
2017-01-30 08:01AM UTC
The GBPJPY price forced to form an intraday negative rebound, affected by stochastic sharp decline and its stability near the oversold level, there is a good chance for testing the initial support at 143.20 to confirm the stability of this level to confirm the domination of the positivity, waiting for the price rally to 145.50 in the near and medium period.
The moving average 55 remains stable below the mentioned support, to increase its stability against the current fluctuation, to confirm the price confinement within the bullish range until it reaches the suggested targets.
Expected trading range for today is between 143.20 and 145.45
Expected trend for today: bullish.
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