GBPJPY returns to the positive crawl– Analysis – 2-1-2018

The GBPJPY pair begun to provide positive crawl, to move away from the support at 150.00, to confirm its affection by the expected bullish bias domination by reaching to 152.35, reminding you that surpassing the barrier at 152.85, opening the way towards recording more of the positive targets that begin from 145.40 reaching to 50% Fibonacci correction level at 155.90.

Stochastic rally to 80 level besides the stability of the moving average 55 below the current trading that conforming gaining extra positive momentum, to assist the price attempt to reach the mentioned main targets.

Expected trading range for today is between 151.50 and 152.85

Expected trend for today: Bullish.