The GBPJPY hits the first target – Analysis – 20-2-2020

The GBPJPY pair succeeded to keep the correctional bullish track by providing positive close above 142.10, taking advantage of the positive pressures by reaching the first target at 143.80.

The continuous positive momentum signals coming by the major indicators will increase the chances of resuming the bullish attack, expecting to target 144.55 followed by 145.50 that represents the extension of the key resistance.

The expected trading range for today is between 143.20 and 144.55

The expected trend for today: Bullish