GBPJPY touches the moving average – Analysis – 18-7-2018
Economies.com
2018-07-18 06:48AM UTC
The GBPJPY pair ended its intraday rebound yesterday by facing the moving average 55 at 148.00, to form the initial support against the bullish attempts, assuring the importance of this support line stability to increase the chances of resuming the bullish attack that will target 149.40 level followed by reaching the first main target at 150.80.
Stochastic release from the overbought areas might force the price to provide intraday sideways trading until gathering new positive momentum to confirm the preparation to achieve the suggested targets.
Expected trading range for today is between 147.25 and 149.40
Expected trend for today: Bullish
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