GBPJPY repeats the bullish attack – Analysis – 22-5-2017

The GBPJPY price announced its last trading showing its affection by the bullish bias domination, to notice its rally by a positive strength to 145.45 level, which formed the waited target in the previous report, confirming the importance of surpassing the current barrier, which allows it to resume the bullish attempts, waiting for recording new targets that begin 147.00 reaching to the recorded top at 148.45.

Note that the price possibility to form sideways trading in the current period, due to stochastic fluctuation below 80 level until gathering the required momentum and breaching 145.45 level.

Expected trading range for today is between 144.40 and 147.00

Expected trend for today: Bullish