The GBPJPY pair succeeded to surpass the negative pressures, forming a bullish wave to settle above the barrier at 194.55 level, attempting to confirm regaining the bullish bias, we should confirm that providing a new close above the breached barrier is important to reinforce the chances for forming bullish waves, to target 195.70 and 196.45.

 

By the above image, we notice stochastic attempt to provide positive momentum, to increase the chances for confirming the bullish scenario and begin achieving the suggested targets.

 

The expected trading range for today is between 194.20 and 195.70

 

Trend forecast: Bullish