GBPJPY settles above the support – Analysis – 19-5-2017

The GBPJPY remains stable positively above the support at 143.30, to increase the possibility for forming bullish attack in the near and medium period, the price needs to surpass the moving average 55 at 144.60, to confirm surpassing the domination of the sideways trading, which allows it to record the positive targets at 145.45 and 147.00.

Stochastic rallies positively above 50 level, to reinforce our bullish suggestion, and to provide new positive momentum to assist the price attempt to breach the moving average 55 and reaching the suggested targets.

Expected trading range for today is between 143.30 and 145.45

Expected trend for today: Bullish