Daily analysis of GBP/JPY for December 19, 2017

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Overview

The GBP/JPY pair has begun to gather new positive momentum to attempt to get rid of the sideways bias domination, reinforcing its attempts to resume the expected bullish attack, in general, we will keep depending on the stability of the initial support at 150.00, waiting for its rally to 152.85 level, which forms the initial positive station. Stochastic forms bullish wave reinforces the bullish stability, opening the way towards gathering new bullish momentum, to ease the attempt of reaching the mentioned target. The expected trading range for today is between 150.00 and 152.85.

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