The GBPJPY pair continued forming bullish trading since Friday’s trading, taking advantage of the repeated positive stability above 210.40 support, achieving several gains by reaching 212.75 which forms an intraday obstacle against the bullish trend.

 

The contradiction between the main indicators makes us expect providing mixed trading until gathering extra positive momentum, to ease the mission of surpassing the current obstacle, to target extra gains by its rally towards 213.40 and surpassing it will confirm its stability within the main bullish channel’s levels, opening the way towards for strong chance of recording new gains that might extend towards 214.15 and 214.90.

 

The expected trading range for today is between 211.80 and 213.40

 

Trend forecast: Bullish