The GBPJPY pair kept facing stochastic negativity by forming some bullish waves, to keep its stability above the initial support at 216.35 level, the sideways trading might continue until gaining the required bullish momentum for putting pressure on 217.85 obstacle, to find an exit for resuming the bullish trend in the upcoming trading.

 

Facing new negative pressures by reaching below 216.35 will increase the chances of forming bearish corrective waves, forcing it to suffer some losses by reaching 215.85 and 215.55 gradually before any new attempt to achieve the previously suggested positive targets.

 

The expected trading range for today is between 216.10 and 217.85

 

Trend forecast: Bullish