GBPJPY decreases the negative chances – Analysis – 14-12-2018

The GBPJPY pair confirmed postponing the negative attack by settling frequently above the 140.90 support, to notice forming sideways trading due to the contradiction of the major indicators until this moment, while the price stability above the support allows us to suggest the bullish attempts that might target 143.80 level, and surpassing this level will push the price to record more targets by reaching 145.50.

Stochastic stability above 50 level reinforces the attempts to gather the positive momentum, which increases the chances of forming sideways trading until the beginning of recording the suggested targets.

Expected trading range for today is between 141.80 and 143.80

Expected trend for today: Bullish