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Daily analysis of GBP/JPY for November 23, 2017

Posted On 23 Nov 2017
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Overview

No news for the GBP/JPY pair. Amid the lack of the bullish momentum, the pair is going on with extra sideways trading around 148.30. Therefore, we will keep waiting until the required bullish momentum is gained to resume the positive attack, that targets 150.00 and 151.50 levels mainly. Note that the price attempt to decline below the support at 147.35 will delay the bullish rally. So we expect bearish correctional trading that might push it to reach 146.60 and 144.30. The expected trading range for today is between 147.35 and 150.00

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Source:: Daily analysis of GBP/JPY for November 23, 2017

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