GBPJPY still positive – Analysis – 17-12-2018

Despite the GBPJPY pair’s recent weak trades, its stability above the key support 141.00 confirms the continuation of the positivity for the upcoming period, also, 141.80 level forms initial support to increase the chances of forming bullish trades, to expect targeting 143.80 level first, while surpassing this barrier will push the price to reach 145.50 that will form the next target of the bullish bias.

Stochastic continuous fluctuation above 50 level reinforces our bullish overview by attempting to provide new positive momentum to increase the chances of starting to record the mentioned positive targets.

Expected trading range for today is between 141.80 and 143.80

Expected trend for today: Bullish