GBPJPY is stuck – Analysis – 28-11-2018

There is no change on the GBPJPY pair price by its repeated confinement between 146.15 and the initial support at 144.05, the continuation of the main indicators supports the intraday sideways bias domination until gaining new negative momentum, which allows it to resume the bearish correctional attempts that require breaking the initial support and reaching 142.60, facing the main bullish channel’s support.

Note that the price success to breach 146.15 level, and providing a positive close above it will reinforce the main positivity, opening the way to begin recording new positive targets by reaching 147.70 and 149.50.

Expected trading range for today is between 146.15 and 144.05

Expected trend for today: Fluctuated negatively