No news for GBPJPY pair until this moment, confined between 214.80 support, while 215.70 level keeps forming a strong barrier against the bullish attempts, forcing it to provide sideways trading by its fluctuation near 215.60.

 

Note that stochastic approach 80 level might help it to provide extra positive momentum to surpass the current barrier, reinforcing the chances of reaching new bullish stations that might begin at 216.40 and 216.90, while the failure of the breach will increase the chances of forming bearish corrective waves, to press on the previously mentioned support and surpassing it will make the initial main target at 214.10 level in the bearish trading.

 

The expected trading range for today is between 214.80 and 215.70

 

Trend forecast: Sideways