The GBPJPY insists to resume the bullish attack – Analysis – 18-10-2019

Economies.com
2019-10-18 09:49AM UTC

The GBPJPY pair kept its positive stability above 139.00 level, confirming its move to new bullish track as appears on the chart, assuring the importance of gathering new positive momentum to manage to reach 141.50 level, while surpassing this level will target 143.75 as a next station.

 

The risks of changing the bullish trend will appear in case the price crawled below the current support, to force the price to start forming correctional bearish trades and target 137.60 followed by 135.75 levels.

 

The expected trading range for today is between 139.00 and 141.50

 

The expected trend for today: Bullish

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