GBPJPY rallies with strong positivity – Analysis – 26-1-2017

The GBPJPY price affected by the bullish bias strength to notice surpassing the first expected target at 143.20, to confirm the continuation of the positivity in the upcoming period, therefore, we will keep waiting for recording new targets in the upcoming period that begin at 145.45 reaching to the top at 148.40.

The moving average 55 continues to support the bullish expectation by holding at 141.50, which represents the main support for the bullish attempts, and stochastic rally to the overbought level increases the chances for gathering the positive momentum until achieving the suggested targets.

Expected trading range for today is between 142.70 and 145.45

Expected trend for today: bullish.