The GBPJPY pair ended the last negative attack by touching the target at 187.70, facing solid support as appears on the chart to start forming correctional bullish waves by consolidating near 188.50 now.

 

Note that the continuous consolidation above the mentioned support will confirm forming new bullish waves to expect rallying towards 189.50, while surpassing it will extend trades towards 190.90, while facing negative pressures and crawling below the current support will confirm moving to new negative track to suffer big losses by moving towards 185.90 first.

 

The expected trading range for today is between 187.70 and 189.50

 

Trend forecast: Bullish