Overview
The GBP/JPY pair declined yesterday to test the main support at 136.00. The bullish bias domination is confirmed by a formation of the strong bullish rebound towards 138.75. It proves the continuation of the bullish bias. Thus, we can expect the price to reach the first target at 140.00 followed by renewing the pressure on the 143.10 barrier. Stochastic begins to support the bullish attempts by forming positive wave to allow the price to gather the required momentum in order to achieve the waited targets. The expected trading range for today is between 137.00 and 140.00
The material has been provided by InstaForex Company – www.instaforex.com
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