GBPJPY seeks new momentum – Analysis – 20-9-2017
Economies.com
2017-09-20 07:02AM UTC
The GBPJPY pair continued to provide some sideways trading affected by stochastic attempt to exit the overbought areas, while we remind you that the price consolidation within the bullish channel allows us to wait to gather new bullish momentum to record new positive targets that start at 152.75 followed by 156.45.
On the other hand, attempting to decline below 150.00 will confirm postponing the bullish rally and build correctional bearish bias to target 147.85 before achieving any new positive target.
Expected trading range for today is between 150.00 and 152.75
Expected trend for today: Bullish
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