The GBPJPY hovers above the initial support– Analysis – 17-12-2019

The GBPJPY pair ended the bearish correctional rebound by providing a clear positive stability above the extra support at 145.35, the continuation of this support stability makes us wait for gathering a new positive momentum, to renew the bullish attempts that targeting 147.25 and 148.15 level.

Note that the price attempt to decline below the mentioned extra support, so that will delay the bullish attack, which forces to suffer some losses by forming a new negative rebound, to target some negative levels that begin at 143.60 and 141.00.

The expected trading range for today is between 145.35 and 147.25

The expected trend for today: Bullish