GBPJPY without any news – Analysis – 25-5-2017

No news for the GBPJPY pair until this moment, which fluctuates between the sideways range levels represented by 145.45 resistance and 143.30 support, while the contradiction of the major indicators confirms the domination of the sideways bias for the near term period, waiting to provide new signal by breaching one of the main levels, followed by managing to detect the main targets of the upcoming period.

We remind you that breaching the current resistance will reinforce the bullish bias domination for the upcoming trading, to start recording new positive targets that start at 147.00, while declining below 143.30 support will put the price under the bearish bias domination and push it to suffer more losses by reaching 142.20 followed by 140.15.

Expected trading range for today is between 143.30 and 145.45

Expected trend for today: Neutral