GBPJPY succeeds to surpass – Analysis – 14-3-2018

The GBPJPY pair ended its last trading by providing new positive rally, to surpass the barrier at 148.35, confirming the continuation of the expected bullish bias domination, we expect reaching to 150.00 level, which makes the price faces the moving average 55, and gaining new positive momentum will allow it to resume the positivity and reach 152.80 in the upcoming period.

Reminding you that the main factor for confirming the positivity is the price stability within the bullish channel levels that appear in the above image, besides stochastic attempt to settle within the overbought level supports the bullish suggestion until achieving the waited targets.

Expected trading range for today is between 148.35 and 150.00

Expected trend for today: Bullish