GBPJPY begins to rise – Analysis – 15-12-2016

The GBPJPY gained new positive momentum to surpass 146.60 level to confirm its affection by the expected bullish bias domination, we expect the price attraction to 148.25 to form the initial target in the upcoming period, where surpassing it will increase the chances for recording new targets that might extend to 151.40 and 154.75.

Stochastic continues to support the bullish attempts by its stability within the overbought level by providing bullish momentum, which increases the chances for achieving the suggested targets.

Expected trading range for today is between 146.60 and 148.25

Expected trend for today: Bullish