GBPJPY tests the resistance – Analysis – 12-9-2017

The GBPJPY pair was affected by strong positive pressures yesterday to notice its move towards 144.20 resistance, while the upcoming scenario depends on the stability of this resistance to expect renewing the negative attempts that target 142.80 followed by 140.30 levels that form 23.6% Fibonacci correction level.

On the other hand, the continuation of the positive pressures and breaching the current resistance will open the way to start forming strong bullish trading to expect targeting 145.80 followed by 147.75 levels.

Expected trading range for today is between 144.20 and 142.80

Expected trend for today: Bearish