The GBPJPY awaits surpassing the initial barrier – Analysis – 13-1-2020

The GBPJPY pair failed to resume recording the positive targets recently, affected by 143.80 level forming additional barrier against the bullish attempts, to force the price to form temporary sideways fluctuation by settling at 142.80.

Note that the price consolidation within the bullish channel along with the continuous stability of the main support 141.30 confirm the continuation of the positivity, to keep waiting to surpass the current barrier first, followed by targeting 144.30 and 145.60 levels.

The expected trading range for today is between 142.35 and 144.30

The expected trend for today: Bullish