The GBPJPY keeps the positivity – Analysis – 17-10-2019

The GBPJPY pair provided a new positive rally yesterday achieving 140.00 level, reinforcing the expected and bullish bias, reminding you that the stability of the initial support at 137.70, to increase the chances for the price rally to 140.80, to press on the minor bullish channel’s resistance that appears in the above image.

Note that the continuation of suffering positive pressures might increase the chances for surpassing 140.75 level, to move away from a new bullish track, and there are chances for recording extra targets that might begin at 142.40 reaching to 145.40 in the upcoming period trading.

The expected trading range for today is between 138.50 and 140.75

The expected trend for today: Bullish