GBPJPY looks for the momentum – Analysis – 6-1-2017

The GBPJPY continues to form mixed trading in the last period, due to its neediness to the bullish momentum to approach from the support at 140.00, the stability of the support makes us keep preferring the bullish attempts in the upcoming period that targets 142.50 level as a first positive station to extend the trading to 144.80 in the upcoming period.

Stochastic attempt to surpass the oversold level supports surpassing the negative pressures, to begin gathering the positive momentum again, which assists to confirm the domination of the positivity to be attracted to the waited targets.

Expected trading range for today is between 140.00 and 142.50

Expected trend for today: bullish.