The GBPJPY moves to the bullish track – Analysis – 2-7-2020

The GBPJPY pair confirmed getting rid of the domination of the bearish bias by rallying above 133.30 level yesterday, to increase the chances of regaining the bullish bias on the near term and medium term period, while confirming the domination of the positivity urges waiting to surpass the moving average 55 at 134.55 to open the way to record many positive targets that start at 135.70 followed by reaching 50% Fibonacci correction level at 136.65.

Stochastic rally towards 80 level forms key factor to confirm the suggested positivity due to providing the positive momentum that will increase the chances of surpassing the current barrier and start recording the mentioned targets.

The expected trading range for today is between 133.40 and 135.00

The expected trend for today: Bullish