26.04.201715:20 Forex Analysis & Reviews: Daily analysis of GBP/JPY for April 26, 2017

Long-term review

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Overview

The GBP/JPY pair succeeded to gather the bullish momentum. The bullish attack will resume by surpassing 141.10 level, approaching from our target at 143.35. The continuation of the positive pressure might allow the price to open the way to more upward targets from 145.45 and higher to 148.45 top as a result of surpassing the current level which forms 23.6% Fibonacci retracement. In case 143.35 forms a solid barrier to the bullish rally, that will force the pair to trade sideways and limit the price between this barrier and 141.10 until gaining new bullish momentum. The expected trading range for today is between 142.20 and 145.40

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