GBPJPY resumes the positivity – Analysis – 18-9-2018

The GBPJPY pair leaned on 146.20 support yesterday, to support the attempt to resume the bullish attempts, noticing reaching 147.45 level, while we will keep suggesting the bullish trend now until reaching the main bearish channel’s resistance at 147.90, followed by staying neutral until detecting the next main trend.

We remind you that crawling below the current support and getting negative close will confirm regaining the bearish bias, to start forming strong negative trades to target 145.20 and 143.00 levels, while surpassing the bullish channel’s resistance will confirm moving into new positive track to target 148.75 followed by reaching 150.40 in the upcoming period.

Expected trading range for today is between 146.00 and 147.85

Expected trend for today: Bullish