FX.co ★ Daily analysis of GBP/JPY for April 28, 2017

Overview

The GBP/JPY price confirmed the continuation of the bullish bias, trading above the barrier at 143.35 levels. The pair started recording new positive targets as shown in the image above. This makes us wait until recording the next target at 145.40. Note that surpassing this level will open the way towards testing the achieved top at 148.45. Stochastic rally to the overbought level reinforces the bullish suggestion, still providing the required positive momentum to resume the expected bullish attempts. The expected trading range for today is between 143.35 and 145.40.