GBPJPY forms positive pattern – Analysis – 22-2-2019

The GBPJPY pair formed the bullish flag pattern recently, to keep the stability above 144.00 support line, confirming the preparation to resume the expected bullish attack, while gathering new positive momentum allows us to expect rallying above 144.90 level to target the main positive levels located at 145.75 followed by 147.00.

Any attempt to break the current support will cancel the positive overview and fall under the domination of the bearish bias again, to start suffering many losses by moving towards 143.30 followed by pressing on the moving average 55.

The expected trading range for today is between 144.00 and 145.75

The expected trend for today: Bullish