GBPJPY fluctuates below the barrier– Analysis – 10-10-2017

The GBPJPY pair provided an intraday bullish wave yesterday, affected by stochastic surpass to the oversold level to settle at 148.30 level, reminding you that the stability below the barrier at 149.10 makes us prefer more of the bearish correctional attempts that target 146.80 level reaching to 145.10.

The chances for regaining the bullish bias are represented by providing positive close above 149.10 level, to cancel its affection by the bearish correctional bias domination, to begin the attempts of achieving positive targets by reaching 152.80 reaching to 61.8% Fibonacci correction level at 155.20.

Expected trading range for today is between 149.10 and 146.80

Expected trend for today: Bearish