GBPJPY approaches from the first target – Analysis – 26-10-2017

Economies.com
2017-10-26 07:09AM UTC

The GBPJPY pair provided new positive rally yesterday to approach from the first target at 151.60 to confirm the affection by the bullish bias domination, while we depend on 50% Fibonacci correction level forming for good support at 149.10 to expect reaching towards 152.85 level.

 

Stochastic continues to fluctuate around 80 level to increase the chances of gathering new bullish momentum to confirm the expected positivity.

 

Expected trading range for today is between 149.80 and 152.85

 

Expected trend for today: Bullish

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