GBPJPY confirms the positivity – Analysis – 10-10-2018

The GBPJPY pair confirmed its affected by the bullish bias domination by forming a new bullish rally, achieving the initial target at 148.65, we expect the continuation of the price move to press on the barrier at 149.78, and surpassing it will confirm its readiness to record new positive targets that begin at 150.45 reaching to 152.0 in the upcoming period.

Reminding you that the bullish suggestion will remain valid if the support level settled at 147.00, to expect forming an extra support at 147.75 level, to support the attempt of resuming the bullish attack and begin recording the suggested positive targets.

Expected trading range for today is between 147.75 and 149.78

Expected trend for today: Bullish