GBPJPY awaits to achieve the breach – Analysis – 14-2-2017

The GBPJPY remains suffering from the stability of the barrier at 142.50, which forces it to provide repeated sideways trading until this moment, therefore we recommend waiting for achieving the required breach, to confirm the continuation of the positivity that targets 144.80 and 145.40 level.

While the price failure to achieve the breach might force it to form an intraday bearish rebound, to reach the initial support at 141.40 reaching the moving average 55 at 140.25 before any new attempt to record the waited positive targets.

Expected trading range for today is between 141.40 and 144.80

Expected trend for today: bullish by achieving the breach.