GBPJPY seeks an exit – Analysis – 11-7-2018

The GBPJPY pair still suffering the stability of the moving average 55 around 147.80 level, to form clear obstacle against the waited bullish attack, thus, we recommend waiting the required breach to avoid losses that might appear due to the price forming sudden negative rebound and confirm the beginning of achieving new targets by reaching 148.90 followed by 150.80.

Stochastic current fluctuation below 80 level might force the price to form new sideways trades to attempt to gather the required positive momentum to achieve the breach followed by starting to record the suggested targets.

Expected trading range for today is between 146.50 and 148.00

Expected trend for today: Fluctuated within the bullish range