GBPJPY repeats the breaching attempts – Analysis – 13-3-2018

The GBPJPY pair continued forming positive trading, attempting to surpass the barrier at 148.35, reminding you that providing positive close above this barrier will allow it to resume the bullish attack, to expect reaching to 150.00, to face the moving average 55.

And the stability of the main support of the bullish channel at 145.15 besides stochastic attempt to reach to the overbought levels represent the supported factors for the continuation of the positivity, which increases the chances for the price for providing strong bullish trading and begin achieving the waited targets.

Expected trading range for today is between 147.25 and 150.00 

Expected trend for today: Bullish