The GBPJPY without any news – Analysis – 04-12-2019

The GBPJPY pair didn’t achieve any new positive target until this morning, in spite of its stability within the main bullish channel levels, affected by the continuation of the main indicators contradiction, especially by stochastic reach to the oversold level.

Reminding you that the stability of the initial support at 139.40, to avoid any attempt to change the bullish trend and face an expected loss, and gathering a new positive momentum is important for easing the mission of reaching the positive targets that begin at 142.60 and 143.80.

The expected trading range for today is between 140.30 and 142.60

The expected trend for today: Bullish