GBPJPY keeps the positivity – Analysis – 1-5-2017

The GBPJPY price provided new positive close above 143.35 level, to keep forming strong support base against the current trading, which makes us wait for renewing the bullish attack targeting 145.40 level, note that surpassing this level will reinforce the bullish domination, to extend the trading strongly to the upside to the recorded top at 148.45.

The stability of the moving average 55 below the current trading confirms the price confinement within the bullish range, which provides its positive momentum by stochastic stability within the overbought level, to ease the attempt to record the suggested targets.

Expected trading range for today is between 143.35 and 145.40

Expected trend for today: bullish