GBPJPY keeps the positive stability – Analysis – 23-1-2019

The GBPJPY pair kept its positive stability by forming new bullish wave recently, to settle near the first target 142.20, while getting additional positive momentum will confirm rallying towards 143.10 to press on the moving average 55, and surpassing it will confirm targeting the next station at 144.40.

The stability of the initial support 140.40 supports the bullish overview for the near term and medium term trading, besides that stochastic continuous fluctuation near 80 level to increase the chances of gathering the required positive momentum to resume the bullish attack.

Expected trading range for today is between 141.35 and 143.10

Expected trend for today: Bullish