Daily analysis of GBP/JPY for November 22, 2017

GBPJPYH4.png

Overview

The GBP/JPY pair returned to a slow upward bias by closing again around 148.80. Let me remind you that consolidating above 147.35 support is forming the main factor to confirm the bullish bias domination. We are waiting to a rally towards 150.00 in the near term. Breaching this level will allow the price to record more targets by moving towards 151.50, followed by 152.85 levels. The expected trading range for today is between 148.20 and 150.00

The material has been provided by InstaForex Company - www.instaforex.com