The GBPJPY needs a strong momentum – Analysis – 03-12-2019
Economies.com
2019-12-03 07:30AM UTC
The GBPJPY pair attempted to form a new positive rally in yesterday’s trading, but the continuation of the contradiction between the main indicators, and stochastic reach to 20 level decelerates the bullish attempts, which forces it to fluctuate near 141.25 level.
In general, the stability of the price within the bullish channel levels and the extension of the moving average 55 to the support at 140.40 makes us prefer more of the bullish attempts, gathering positive momentum makes us expect reaching 142.60 and 143.80.
The expected trading range for today is between 140.80 and 142.60
The expected trend for today: Bullish
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