The GBPJPY pair took advantage of the continuation of forming extra support at 210.50 level, to notice forming several bullish waves, achieving the initial positive target by reaching 212.20 level.

 

The contradiction of the main indicators might push the price to provide mixed trading, but its success in breaching 212.30 and holding above will reinforce the chances of achieving additional gains that might begin at 213.05 and 213.65, while holding below 212.30 will force it to provide new bearish trading, and there is chance for retesting 210.50 level.

 

The expected trading range for today is between 211.30 and 212.30

 

Trend forecast: sideways until achieving the breach