GBPJPY needs strong momentum – Analysis – 1-10-2018

The GBPJPY pair continued to provide an intraday sideways trading, affected by its neediness to the positive momentum, which supports the stability above the support at 147.50, therefore, we expect the continuation of forming sideways trading until gathering the required momentum, to attempt to reach 149.65 and 150.45.

In general, the main suggestion will be bullish unless the price reached below the current support, as it provides negative pressure on 146.75 level, which forms an extra support to confirm the suggested bullish attempts.

Expected trading range for today is between 147.50 and 149.65

Expected trend for today: Bullish