The GBPJPY needs the positive momentum – Analysis – 21-11-2019
Economies.com
2019-11-21 07:43AM UTC
The GBPJPY pair kept its stability above the extra support at 139.40, to increase the chances for renewing the bullish attempts that requires stepping above the barrier at 141.50, but the slowness on the current trading caused by the price neediness to the positive momentum that comes from stochastic reach below 50 level as appears in the above image.
And that makes us keep the bullish suggestion, to wait for gathering extra positive momentum to ease the mission of achieving the breach and reaching the next positive station at 142.60.
The expected trading range for today is between 139.40 and 141.50
The expected trend for today: Bullish
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