GBPJPY settles positively – Analysis – 20-4-2017

The GBPJPY price trading touched 38.2% Fibonacci correction level at 14015 achieving the initial target for the bullish attempts, reminding you that the stability of the support level at 138.40, to increase the pressure on the current trading, which allows it to surpass the current barrier, which allows it to surpass the current barrier that begin at 143.40 reaching to 145.45 in the upcoming period.

Stochastic attempt to settle within the overbought level that reinforces the domination of the bullish bias, which provide new positive momentum that allows it to achieve the breach and begin to record the suggested targets.

Expected trading range for today is between 138.40 and 141.80.

Expected trend for today: bullish.