The GBPJPY pair benefited from the positive factors to end the dominance of the corrective trend, to form a strong bullish rally, surpassing the barrier at 216.35, recording the initial main target by reaching 216.90 level.

 

The positive factors make us prefer witnessing more bullish attempts, to expect targeting 217.35 and 217.80 level, while the decline below 216.35 and providing a negative close will force it to delay the bullish trend and providing mixed trading, and there is a chance to decline towards 215.55 before any attempt to record the suggested taregts.

 

The expected trading range for today is between 216.30 and 217.80

 

Trend forecast: Bullish