GBPJPY pushes on the support – Analysis – 4-10-2017

The GBPJPY pair attempted to provide some positive trading yesterday, but stochastic negativity that reaches the oversold areas assisted to renew the pressure on 129.20 support, reminding you that it is important to hold above the current support to confirm the domination of the bullish bias that targets 152.80 followed by 155.20 in the upcoming period.

On the other hand, surrendering to the negative pressures will force the price to provide negative trading by declining below the current support, to start forming correctional bearish bias and target 147.80 followed by 145.10 levels before achieving any new positive target.

Expected trading range for today is between 149.20 and 152.80

Expected trend for today: Bullish