The GBPJPY pair rose in its last intraday levels, affected by its lean on the support of minor bullish trend line on the short-term basis, gaining positive momentum, accompanied by the emergence of the negative signals on the (RSI), after reaching oversold levels, attempting to surpass the negative pressure on the EMA50, announcing its full recovery.

 

Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, if the support settles at 198.70, to target the critical resistance level at 199.80.

 

The expected trading range for today is between 198.75 and 199.80

 

Trend forecast: Bullish