GBPJPY changes the main track – Analysis – 19-4-2017
Economies.com
2017-04-19 07:16AM UTC
The GBPJPY price surprised with strong positive pressure to notice surpassing the resistance at 138.60, to announce surpassing the negative domination and begin building new bullish bias, to expect the price rally near 38.2% Fibonacci correction level at 140.15 to open the way towards recording more of the gains by reaching 143.40 and 145.45.
Stochastic rally above 50 level reinforces the bullish attempts, to open the way towards gathering extra positive momentum until achieving the suggested targets.
Expected trading range for today is between 138.50 and 143.40
Expected trend for today: bullish if the 138.40 level settled.
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