GBPJPY provides new bullish trades – Analysis – 1-11-2017
Economies.com
2017-11-01 09:07AM UTC
The GBPJPY pair was affected by the strength of 149.10 support to force it to renew the bullish attempts and settle around 151.60 level, while the price gets its bullish momentum through stochastic rally above 50 level to agree with the moving average 55 positivity and confirm the attempt to reach the first main target around 152.85.
The continuous positive pressures might ease the attempt to breach the waited target that formed solid barrier against the bullish attack to pave the way to reach 61.8% Fibonacci correction level around 155.20.
Expected trading range for today is between 150.50 and 152.85
Expected trend for today: Bullish
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