No change to GBPJPY pair – Analysis – 11-10-2018

The GBPJPY pair kept its positive stability, depending on the strength of the support at 147.00, waiting for the positive momentum to allow it to resume the expected bullish attack, reminding you that the initial target at 149.78, and surpassing this barrier will extend the trading to record more of the targets that begin from 38.2% Fibonacci correction level at 150.45.

We should mention that the price failure to gain the positive momentum for today, so that will force it to provide more of the sideways fluctuation, to expect the price confinement between 147.70 and 149.00 level.

Expected trading range for today is between 147.75 and 149.78

Expected trend for today: Bullish