GBPJPY attempts to resume the rise – Analysis – 21-2-2019

The GBPJPY pair formed some sideways fluctuations due to the lack of the positive momentum, to settle around 144.30 level, while the consolidation of the moving average 55 below the current trades led to ease the attempt to gather the additional momentum to notice forming bullish wave this morning and reinforce the expectations to resume the positive attack and reach 144.75.

Therefore, we will depend on 143.60 level forming the additional support to expect crawling towards 144.75 level to form the first positive target, followed by attempting to reach 147.00.

The expected trading range for today is between 144.00 and 145.75

The expected trend for today: Bullish