The GBPJPY provides positive signal – Analysis – 29-12-2020

The GBPJPY pair provided positive signal recently after surpassing 140.35 barrier, to notice recording temporary targets by touching 141.21 level, to rebound below the current barrier again.

In general, the continuous fluctuation within the bullish channel and stochastic attempt to provide the positive momentum by settling above 50 level allow us to wait to record new targets that might start at 141.80 followed by 142.30, as long as 139.30 level remains intact.

The expected trading range for today is between 139.30 and 141.80

The expected trend for today: Bullish