No news for GBPJPY – Analysis – 22-3-2017

The GBPJPY pair didn’t show any new actions, moving around 139.00 level recently, which forms the extension of the triangle's support that appears on chart, thus, we will keep suggesting the bullish attempts as long as the current support line remains intact, waiting to rally towards the initial resistance at 140.80, followed by monitoring the price behavior to detect the next trend clearly.

We remind you that attempting to decline below the current support and provide negative close will confirm the affection by the bearish bias again, expecting to target 137.60 followed by 136.30 levels.

Expected trading range for today is between 139.00 and 140.80

Expected trend for today: Bullish