The GBPJPY pair kept its positive stability above 66%Fibonacci correction level, to form a strong support at 198.80, resuming the rise and achieving new gains by reaching 199.80 level, approaching from the initial extra target at 200.35.

 

The continuation of stochastic fluctuation with the overbought level might push the price to target 200.35 level, which forces it to provide mixed trading until gathering the required extra positive momentum for achieving extra gains that might extend to 200.85 reaching the next main target at 201.55.

 

The expected trading range for today is between 199.00 and 200.35

 

Trend forecast: Bullish