GBPJPY needs the breach – Analysis – 4-5-2017

The GBPJPY price provided some sideways trading affected by the stability of 145.45 level, which forms good barrier against the bullish attempts, reminding you that the continuation of the stability of this level might force the price to decline on the intraday basis to 143.30, to test the initial support until gathering new bullish momentum.

But the price success to achieve the required breach, so that confirms the continuation of the positivity in the near and medium period, to wait for achieving several new target by reaching 146.30 and 148.45, therefore, the main suggestion remains bullish if the price settled above the mentioned initial support level.

Expected trading range for today is between 143.35 and 146.30

Expected trend for today: Fluctuated.