GBPJPY touches the second target – Analysis – 29-6-2017

The GBPJPY price provided positive trading, which allows it to achieve the second target at 145.50, the stability of the price generally above 23.6% Fibonacci correction level at 143.35 level makes us keep preferring the bullish bias domination, which increases the chances for testing the achieved top at 148.45 then suggest the neutrality due to the importance of this level to detect the main trend in the futuristic period.

Stochastic reach to the overbought level reinforces the continuation of the positivity, which provides new positive momentum that eases the attempt to reach the next positive target.

Expected trading range for today is between 144.75 and 148.45

Expected trend for today: Bullish