GBPJPY heads to end the negative fluctuation – Analysis – 10-8-2017

The GBPJPY pair provided more negative trading yesterday to approach from the key support around 142.00, while we should note that the stability of the current support will end the domination of the bearish bias to expect starting to build bullish trading that targets 144.00 followed by 147.60.

Also, stochastic attempt to exit the oversold areas supports getting rid of the negative pressures, to provide the price with new positive momentum that confirms the attempt to build the expected bullish bias.

Expected trading range for today is between 142.00 and 144.00

Expected trend for today: Bullish