The GBPJPY pair continued forming bullish trading since yesterday, taking advantage of the main stability within the bullish channel’s levels, besides surpassing the extra barrier at 195.80, approaching from the initial target level at 196.85 level.

 

We expect gathering the positive momentum by stochastic attempt to reach the overbought level, to reinforce the chances for targeting new bullish stations that might extend to 197.45 reaching 198.80 in the medium period trading.

 

The expected trading range for today is between 195.85 and 197.45

 

Trend forecast: Bullish