GBPJPY keeps the bullish attempts – Analysis – 19-6-2017

The GBPJPY pair succeeded to provide frequent closings above the moving average 55 on last Friday, hinting the affection by the expected bullish bias, while we remind you that the bullish scenario depends on the stability of the main support at 139.00 today, which allows us to suggest more bullish attempts until reaching the first target at 143.35, followed by extending trading towards 145.45 in the upcoming period.

Stochastic continues to provide the required positive momentum by reaching the overbought areas, confirming blocking the price within the bullish range and assist to attempt to record the waited targets.

Expected trading range for today is between 140.90 and 143.35

Expected trend for today: Bullish