The GBPJPY attempts to resume the bullish attack – Analysis – 16-9-2019

The GBPJPY pair get advantage from the positive pressures in the last period trading, to notice forming a new bullish rally, surpassing the barrier ay 133.70 and achieving a new target by hitting 135.10 level, in spite of the price current rebound to the downside, but the continuation of forming an extra support at 133.70 level will increase the chances for resuming the positivity, which might target 136.60 level in the near period.

Stochastic stability within the overbought level supports our bullish expectation by providing a new positive momentum, to increase the chances for reaching to the mentioned extra target.

The expected trading range for today is between 136.25 and 133.70

The expected trend for today: Bearish