The GBPJPY pair benefited from its stability within the bullish channel’s levels, forming strong bullish rally, achieving the waited target at 214.10, approaching the last peak at 214.30.

 

Despite the continuation of providing bullish momentum by the main indicators, waiting for surpassing the current peak and providing positive close is important to confirm moving to a new bullish station, to target 215.00 and 215.55.

 

The expected trading range for today is between 213.45 and 215.00

 

Trend forecast: Bullish