The GBPJPY pair took advantage of the stability of 188.50 support line to activate the bullish track and start achieving many gains by rallying towards 191.70, to approach the target mentioned in our previous report.

 

We notice stochastic attempt to provide the additional positive momentum to increase the efficiency of the bullish track, to expect attacking 192.10 obstacle, while surpassing it might extend trades towards 50% Fibonacci correction level at 193.25.

 

The expected trading range for today is between 190.80 and 193.25

 

Trend forecast: Bullish