The GBPJPY repeats the positive closes – Analysis – 21-10-2019

The GBPJPY pair repeated providing positive closes by its stability above 139.20 level, which represents the extension of the breached bullish channel’s resistance, which increases the chances for resuming the bullish attack to expect gaining a new positive momentum reaching 141.50, and surpassing it will allow the price to achieve extra targets that might begin at 142.25 and 143.75.

Stochastic fluctuation currently above 50 level assists reinforcing the bullish scenario, to increase the chances for gathering a new positive momentum, to ease the mission of recording the suggested extra targets.

The expected trading range for today is between 139.50 and 141.50

The expected trend for today: Bullish