GBPJPY settles within the bullish track – Analysis – 9-1-2018

The GBPJPY pair was forced to provide some sideways trades yesterday to notice testing 152.85 support and note getting frequent positive closings above this level that reinforces the domination of the bullish bias for the upcoming trading, thus, we will keep waiting to gain new positive momentum and start recording more positive targets by reaching 154.45 followed by 156.00.

We remind you that attempting to decline below 152.85 level and getting negative close will confirm postponing the positive attempts to be forced to suffer some losses, which will target 150.50 followed by starting to renew the bullish attempts from this level.

Expected trading range for today is between 152.85 and 154.45

Expected trend for today: Bullish