GBPJPY provides new positive close – Analysis – 4-7-2018

The GBPJPY pair repeated the positive closings above 144.00 level to keep its consolidation within the main bullish channel and increase the chances of recording new targets in the near term and medium term period, expecting to form new positive crawl to manage to touch the first target at 147.20 followed by attempting to attack the moving average 55 and open the way to reach the next station at 148.50.

Any attempt to provide negative trading below 144.00 level will cancel the positive overview to face new negative pressures and start targeting negative levels by reaching 142.20 followed by 140.15.

Expected trading range for today is between 145.35 and 147.20

Expected trend for today: Bullish