The GBPJPY needs strong momentum – Analysis – 2-4-2019

No news for GBPJPY pair, as it keeps fluctuating above the moving average 55 that continues to form obstacle against the negative attack by settling at 144.30, while the price fluctuation above 145.10 level increases the chances of forming correctional bullish rebound with chances to target 146.90 followed by reaching 148.30 resistance.

These factors allow us to suggest the positive fluctuation temporarily, assuring the importance of monitoring the price when reaching the moving average 55, as breaking this barrier will push the price back to the bearish range and expect to move towards 143.80 followed by 142.30 levels.

The expected trading range for today is between 144.60 and 146.90

The expected trend for today: Bullish temporarily