GBPJPY resumes the rise – Analysis – 26-4-2017

The GBPJPY pair succeeded to gather the bullish momentum, to notice resuming the bullish attack by surpassing 141.10 level, approaching from our target at 143.35, while the continuation of the positive pressure might allow the price from surpassing the current level that forms 23.6% Fibonacci level to open the way to achieve more targets, starting from 145.45 followed by reaching 148.45 top.

In case 143.35 level formed solid barrier against the bullish rally, that will force the price to form some intraday sideways trading and limit the price between this barrier and 141.10 until gathering new positive momentum.

Expected trading range for today is between 142.20 and 145.40

Expected trend for today: Bullish