GBPJPY repeats the pressure on the barrier – Analysis – 13-2-2017

The GBPJPY price returned to form new bullish wave to repeat the pressure on the barrier at 142.50, which represents the key against resuming the bullish attack in the upcoming trading, therefore, we will keep waiting for achieving the required breach, to support resuming recording the targets at 144.80 and 145.40.

Stochastic keeps its stability within the overbought level, to increase the positive pressure on the current trading, which supports the bullish attempts by providing extra positive momentum, accompanied with the moving average 55 by holding below the current trading as appears in the above image.

Expected trading range for today is between 141.40 and 144.80

Expected trend for today: bullish.