GBPJPY rises strongly – Analysis – 18-9-2017

The GBPJPY pair provided strong positive trading to record several main targets by reaching 151.55, by the above image, we notice forming new bullish channel that confirms its readiness to resume achieving the gains in the near and medium period.

147.85 level forms strong support level that confirms our bullish suggestion, note that providing new positive close above 38.2% Fibonacci correction level at 150.95, which prevents forming any bearish rebound then targets 152.75 level as a main target in the near period.

Expected trading range for today is between 150.35 and 152.75

Expected trend for today: Bullish