The GBPJPY confirms the positivity – Analysis – 02-12-2020

The GBPJPY pair confirmed regaining the bullish bias by providing positive close above 139.30 level, noticing by the above image recording new targets by reaching 140.30, achieving the waited initial target in the previous report.

The continuation of facing positive pressure by stochastic attempt to approach from 80 level, makes us expect forming a new bullish rally to target 141.05 resistance, then monitoring its behavior due to the importance of this barrier to detect the targets of the upcoming period.

The expected trading range for today is between 139.60 and 141.05

The expected trend for today: Bullish