The GBPJPY pair forced it to provide sideways trading by its stability near 215.50 level, affected by stochastic exit from the overbought levels, the price might be forced to provide some bearish corrective trading, however it couldn’t affect the main bullish track, depending on forming extra support level at 214.15 level.

 

Therefore, we will keep our main bullish scenario, to gather extra positive momentum, to ease the mission of reaching extra positive stations that might begin at 216.20 and 217.00.

 

The expected trading range for today is between 214.55 and 216.20

 

Trend forecast: Bullish