The GBPJPY pair ended the last bullish rally by reaching 215.77 level, to face %100 Fibonacci extension level, which might form an intraday obstacle against the bullish attempts, to force it form some mixed trading before resuming the bullish trend, and there is a chance for retesting 214.55 level.

 

While breaching the barrier and holding above it will open the way for targeting more positive stations, to reach 216.20 directly by providing positive momentum that might lead it to reach the next main target near 217.50.

 

The expected trading range for today is between 214.85 and 216.20

 

Trend forecast: Bullish