The GBPJPY jumps above the barrier – Analysis – 17-1-2020
Economies.com
2020-01-17 09:16AM UTC
The GBPJPY pair took advantage of the positive pressures by forming strong bullish wave to surpass 143.80 barrier, recording the first main targets by touching 144.30.
The price consolidation within the bullish channel besides stochastic continuous positive momentum signals by settling within the overbought areas allow us to expect resuming the bullish attack to target 145.60 followed by reaching the previously recorded top at 148.00.
The expected trading range for today is between 143.80 and 145.60
The expected trend for today: Bullish
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