GBPJPY begins with new positivity – Analysis – 22-2-2017

The GBPJPY price announced ending the negative trading by recording the waited target at 140.30, to begin with new positivity by its rally to 142.10 confirming its affection by the domination of the main bullish bias, we should remind you that surpassing the barrier at 142.50 important for opening the way towards achieving more of the targets that begin at 144.80 and 145.45.

The stability of the moving average 55 above the critical support increases the positive pressure on the price trading, to agree with stochastic rally above 50 level, to provide the required positive momentum, to resume the expected bullish rally.

Expected trading range for today is between 141.20 and 144.80

Expected trend for today: bullish.