The GBP/JPY pair succeeded to gain new bullish momentum as stochastic approached the 80 level, reinforcing the expected bullish attempts. We are waiting until the price crawls towards the initial target at 152.80, while the continuous positive pressures will allow the price to resume the bullish attack and reach 154.20, followed by reaching 50% Fibonacci correction level at 155.90. We remind you that it is important to hold above the initial support at 150.00, as breaking it will postpone the bullish attack and force the price to provide some correctional bearish trades that will push the price to suffer losses, starting at 149.75 followed by 147.10. The expected trading range for today is between 150.60 and 152.85
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Hossam Soliman Ali,
InstaForex Group © 2007-2017
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at firstname.lastname@example.org
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.