GBPJPY begins to record targets – Analysis – 2-7-2018

The GBPJPY pair confirmed surrendering to the bullish bias domination by surpassing 145.85 barrier, to notice achieving the positive targets by reaching 145.50, while the continuous fluctuation within the main bullish channel allows us to suggest more bullish attempts to target 147.20 followed by reaching 148.50 in the near term and medium term period.

Stochastic attempt to crawl towards the overbought areas forms main factor to confirm the continuation of the positivity to assist to provide new positive momentum until reaching the mentioned targets.

Expected trading range for today is between 145.35 and 147.20

Expected trend for today: Bullish