The GBPJPY pair remains affected by the contradiction of the main indicators, delaying the bullish trend and it settles near the initial support level at 217.65 level, facing the moving average 55.

 

Reminding you that the positive scenario will remain valid by holding above 216.55 level, which forms initial main support against the bullish attempts, therefore, we will keep waiting for gathering positive momentum to help it form bullish waves, to target 218.65 level and surpassing this barrier will extend the trading towards 219.40 reaching 220.00.

 

The expected trading range for today is between 217.30 and 218.65

 

Trend forecast: Bullish