The GBPJPY repeats the pressure on the barrier – Analysis – 18-3-2021

The GBPJPY pair returned to form new positive trades to press on 151.90 barrier in order to find a way to resume the main bullish attack, noting that getting more positive momentum by stochastic might confirm postponing the correctional bearish attempts until touching 152.95 level, to form the expected positive target before forming any negative rebound.

These factors beside the new additional support formed at 150.50 allow us to suggest the bullish attempts again, waiting to touch the mentioned positive target.

The expected trading range for today is between 150.80 and 152.95

The expected trend for today: Bullish