The GBPJPY pair decided to take advantage of the positive factors yesterday to notice forming strong bullish rally to surpass the first target at 143.35, while getting positive close above the first target reinforces the continuation of the positivity for the near term and medium term period, expecting to attempt to reach the next target at 145.45 followed by the previously recorded top at 148.45.
The stability of the moving average 55 below the current price reinforces the positive pressure and agrees with stochastic rally towards the overbought areas, which provides new positive momentum to assist to reach the waited targets.
Expected trading range for today is between 142.70 and 145.45
Expected trend for today: Bullish