The GBPJPY records big gains – Analysis – 13-12-2019

The GBPJPY pair took advantage of the continuous positive pressures to form bullish wave and surpass 143.60 resistance, noticing recording big gains by touching 147.95 level, while the price might be forced to form some temporary bearish correction to test the additional support at 145.85 followed by repeating the bullish attack until touching the bullish channel’s resistance at 149.20.

In general, the main bullish overview will remain valid due to the continuous positive momentum signals, waiting to reach the suggested targets followed by monitoring the price behavior to manage to detect the next main trend.

The expected trading range for today is between 145.85 and 149.20

The expected trend for today: Bullish