GBPJPY needs to achieve the breach – Analysis – 20-2-2017

The GBPJPY price continued providing mixed trading affected by the barrier at 142.50, to bounce on the intraday basis to 140.40, to test the moving average 55, the stability of the support at 140.20 forms the main factor that confirms the positivity in the upcoming trading, reminding you that breaching the barrier is important to open the way towards achieving more of the targets by reaching 144.80 and 145.50.

We should mention that the price failure to achieve the breach will force the price to provide more of the sideways trading, which confines the trading between 142.50 barrier and the extension of the support.

Expected trading range for today is between 140.20 and 142.50

Expected trend for today: sideways