GBPJPY keeps the correctional bullish bias – Analysis – 17-9-2018

The GBPJPY pair hinted keeping the correctional bullish attempts by holding above 146.00 level that forms additional support now, thus, we will keep waiting to form new bullish trades to manage to reach the main bearish channel’s resistance at 147.80 followed by monitoring the price behavior due to the importance of this level to detect the next main trend.

We should note that crawling below the current support and providing negative close will confirm regaining the bearish bias, to start forming strong negative trades and target 145.20 followed by 143.00 levels.

Expected trading range for today is between 146.00 and 147.85

Expected trend for today: Bullish temporarily