GBPJPY forms strong bullish attack – Analysis – 20-2-2019

The GBPJPY pair managed to breach the resistance at 143.10, to surpass the bearish bias domination, forming a strong bullish attack by reaching 144.95, which confirm delaying the negative attack, to expect targeting several positive levels, depending on forming an extra support at 143, to wait for reaching 145.75 and 147.00.

Stochastic retreat from 50 level increases the chances for gathering a new positive momentum, to increase the chances for resuming the bullish attack until reaching the suggested targets.

The expected trading range for today is between 143.80 and 145.75

The expected trend for today: Bullish