GBPJPY gains new momentum – Analysis – 26-6-2017

The GBPJPY pair kept its positive stability as the key support 139.30 remains intact, to notice gathering new positive momentum by surpassing the moving average 55 and record 141.95 level, while we expect renewing the bullish attack and move towards 23.6% Fibonacci correction level at 143.35, forming the first target of the near term trading, noting that breaching this level will open the way to reach more targets that start at 145.45.

Stochastic bullish rally and approach from 80 level reinforces our bullish overview and attempts to provide additional positive momentum to ease the attempt to resume the bullish attack and reach our suggested targets.

Expected trading range for today is between 141.40 and 143.35

Expected trend for today: Bullish