GBPJPY continues the positive crawling – Analysis – 9-7-2018

The GBPJPY pair continued to provide clear positive crawling to end its recent trades around 147.10, approaching the first main target mentioned in our previous report, while we will depend on 146.00 level forming additional support to confirm the continuation of the positive and increase the chances of reaching the next target at 148.00.

Stochastic attempt to crawl towards the overbought areas assists to provide new positive momentum and increases the chances of resuming the bullish attack in the near term and medium term period to touch the waited target.

Expected trading range for today is between 146.00 and 148.00

Expected trend for today: Bullish