GBPJPY attempts to resume the positivity – Analysis – 18-1-2018
Economies.com
2018-01-18 07:57AM UTC
The GBPJPY pair started to form new positive trades yesterday to notice its rally above 153.70 barrier and record new positive target by reaching 154.28, which confirms the preparation to resume the bullish attack in the near term and medium term period, waiting to rally towards 50% Fibonacci correction level that forms the next main target at 155.90.
The bullish overview is supported by the stability above 151.50 support line, besides stochastic crawl towards the overbought areas, to provide new positive momentum that confirms the attempt to reach the next main target.
Expected trading range for today is between 153.10 and 155.90
Expected trend for today: Bullish
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