GBPJPY achieves the first target – Analysis – 22-9-2017

The GBPJPY pair achieved the first positive target at 152.80, to form good barrier against resuming the bullish attack and force it to provide some correctional trading as appears on chart, while we remind you that it is important to hold above 150.00 support to decrease the chances of suffering intraday losses and repeat the pressure on the mentioned barrier until finding chance to record additional targets that start at 154.65.

On the other hand, breaking the initial support will confirm forming correctional bearish bias for the upcoming trading to move towards 147.80 before achieving any new positive target.

Expected trading range for today is between 150.80 and 152.80

Expected trend for today: bullish