The GBPJPY pair succeeded in settling above 66%Fibonacci correction level at 198.85, reinforcing the continuation of the positivity, to face 200.10 resistance, achieving the extra waited target in the previous report.

 

Note that monitoring the price behavior as there is a chance for forming mixed trading until breaching the current resistance, to settle within the bullish channel’s levels again, increasing the chances for achieving extra gains that might begin at 200.85 reaching 78.2%Fibonacci correction level at 202.00.

 

The expected trading range for today is between 199.25 and 200.40

 

Trend forecast: Sideways