The GBPJPY pair confirmed getting rid of the negative pressures after touching 190.50 level yesterday, to notice reacting to stochastic positivity by surpassing 191.80 barrier and attempt to cover more previously suffered losses by settling near 192.30.

 

Note that forming continuous support at 189.30 will confirm the price surrender to the bullish track on the near-term and medium-term basis, to expect rallying towards 192.90 soon followed by attempting to press on the additional resistance at 194.10.

 

The expected trading range for today is between 191.45 and 192.90

 

Trend forecast: Bullish