GBPJPY needs new momentum – Analysis – 31-10-2017
Economies.com
2017-10-31 08:20AM UTC
The GBPJPY pair repeated the sideways trading by consolidating around the initial support at 149.10, affected by the continuous contradiction between the major indicators until this morning, while gathering new bullish momentum will reinforce the bullish bias domination and allows us to wait to reach more positive targets that start at 152.85.
On the other hand, breaking the initial support will postpone the bullish rally on the intraday basis until testing the next support around 147.30 followed by monitoring the price behavior to detect the main targets for the upcoming period.
Expected trading range for today is between 149.10 and 152.85
Expected trend for today: Bullish
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