The GBPJPY approaches the target – Analysis – 1-9-2020

The GBPJPY pair approached from the extra main target at 142.30, showing that it is affected by the expected bullish bias, the repeated stability within the bullish channel levels besides the continuation of forming an initial support at 139.80 makes us prefer more of the bullish attempts, which target 143.10 reaching 145.15 level in the upcoming period.

note that the continuation of stochastic fluctuation near 80 level will increase the chances for gaining the extra positive momentum, and that allows it to achieve the suggested extra targets.

The expected trading range for today is between 140.80 and 143.10

The expected trend for today: Bullish