The GBPJPY pair took advantage of the positive factors that begin by the main stability within the bullish channel’s levels and surpassing extra barrier at 212.75, besides providing bullish momentum by the main indicators, to resume the bullish attack and recording the previously suggested initial target by hitting 214.30 level.

 

The price might need a chance to catch its breath and provide some sideways trading, to gain new bullish momentum, opening the way for reaching new bullish stations that might begin at 214.55 reaching %2.236 Fibonacci extension level near 214.90.

 

The expected trading range for today is between 213.35 and 214.55

 

Trend forecast: Bullish