GBPJPY continues to crawl upwards – Analysis – 11-5-2017

The GBPJPY pair repeated the clear positive crawling to keep its stability near the previously recorded top at 148.45, while the price needs to surpass the current level to manage to resume the bullish attack that targets 150.35 followed by the next main target at 152.75.

We remind you that the stability of 148.45 level will force the price to form sideways bias and confine the price between this level and the initial support at 145.45 until gathering new bullish momentum, to move towards our waited targets.

Expected trading range for today is between 146.05 and 150.35

Expected trend for today: Bullish