The GBPJPY achieves the breach – Analysis – 16-10-2019
Economies.com
2019-10-16 07:03AM UTC
The GBPJPY pair succeeded to confirm the continuation of the positivity by breaching the obstacle at 137.65, to notice recording new positive targets by reaching 139.25, we expect reinforcing the continuation of the positivity by forming a new bullish rally, to press on the bullish channel’s resistance at 140.75.
The continuation of Stochastic fluctuation within the overbought level reinforces our bullish expectations by validating a new positive momentum, to increase the chances for reaching the mentioned next target.
The expected trading range for today is between 137.80 and 140.75
The expected trend for today: Bullish
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