GBPJPY reinforces the bullish attempts – Analysis – 4-2-2019

The GBPJPY pair touched 142.07 level on Friday to approach the first correctional target and face the moving average 55 as appears on the chart, also, the attempt to form minor bullish channel increases the chances of renewing the bullish attempts to expect to target 144.60 followed by reaching 145.85 levels on the medium term basis.

On the other hand, declining below 142.00 and getting negative close will force the price to renew the correctional bearish attempts to suffer many losses by moving towards 140.40.

Expected trading range for today is between 142.60 and 144.60

Expected trend for today: Bullish