GBPJPY settles within intraday sideways range – Analysis – 21-3-2018

The GBPJPY pair affected by the continuation of the contradiction between the main indicators, to notice forming a barrier by the moving average 55 at 150.10, which confirms delaying the positive rally, to increase the chances for its surrender to the bearish correctional attempts, targeting 147.25 level reaching to the critical support at 145.50 for today.

Note that the attempt to breach the mentioned barrier will confirm regaining the bullish bias, to expect achieving several targets by reaching 152.80 reaching to the achieved top at 156.60.

Expected trading range for today is between 150.10 and 147.25

Expected trend for today: Bearish+