GBPJPY leans on the moving average’s positivity – Analysis – 16-10-2018
Economies.com
2018-10-16 07:52AM UTC
The GBPJPY pair suffers some negative pressures, forcing it to form a clear negative rebound by reaching below the critical support at 146.75, but the positivity of the moving average 55 that settles currently below the main support level supports the attempt of regaining the bullish bias by its rebound to 147.75.
Therefore, we will keep the bullish suggestion unless reaching below 146.70 level again, to expect gaining the positive momentum then targeting 149.78 reaching to 150.45 level.
Expected trading range for today is between 146.75 and 149.78
Expected trend for today: Bullish
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