GBPJPY awaits breaching the barrier – Analysis – 3-1-2018

The GBPJPY pair approached 152.85 barrier recently, confirming the domination of the expected bullish bias, while stochastic continuous positive momentum signals increase the chances of achieving the required breach, reminding you that the next positive target is located around 154.45, followed by reaching 155.90 to test 50% Fibonacci correction level that appears on the chart.

On the other hand, if the price failed to achieve the required breach, that will pave the way to start correctional negative trades, expecting to target 151.50 followed by reaching 150.00, to approach the moving average 55.

Expected trading range for today is between 151.50 and 154.45

Expected trend for today: Bullish