the stability of the main support of the bullish channel at 145.15 besides stochastic attempt to reach to the overbought levels represent the supported factors for the continuation of the positivity, which increases the chances for the price for providing strong bullish trading and begin achieving the waited targets. 150 151 152
The GBPJPY pair repeated the positive closings above the main bullish channel’s support line at 146.60, confirming the affection by the bullish bias domination, increase the chances of surpassing 148.35 barrier and start recording additional targets in the near term and medium term period by moving towards 150.00 followed by 152.85.
The GBPJPY pair was forced to postpone the bullish attack, affected by the stability of 148.35 barrier, forcing the price to provide some sideways trades by bouncing towards 146.70 level, reminding you that the bullish scenario depends on the stability of the bullish channel’s support line at 145.00 to allow us to wait to gather new positive momentum and manage to...