The GBPJPY awaits breaching the barrier – Analysis – 18-3-2019

The GBPJPY pair continued to provide positive trading affected by the strength of 148.60 barrier that faces the previously suggested bullish rally, while the price stability within the bullish channel and the stability of the initial support at 147.30 makes us wait to gather the additional positive momentum to increase the chances of achieving the required breach followed by waiting to reach our targets at 149.60 followed by 150.30.

Stochastic attempt to crawl towards the overbought areas reinforces the bullish overview by providing new positive momentum today, thus, we recommend waiting to achieve the required breach to confirm the attempt to reach the suggested positive stations.

The expected trading range for today is between 147.60 and 150.30

The expected trend for today: Bullish