The GBPJPY pair renewed the bullish attempts by its rally above 194.55 level, attempting to confirm the suggested bullish scenario, achieving some gains by hitting 195.30 level.

 

Note that the beginning of providing positive momentum will reinforce the chances for forming strong bullish waves, to expect attacking 195.70 level, and surpassing it will make it target new bullish stations, by reaching 61.8%Fibonacci correction level at 197.35, while the decline below 194.00 will force it to delay the rise and provide mixed trading again.

 

The expected trading range for today is between 194.45 and 195.70

 

Trend forecast: Bullish