The GBPJPY pair keeps the bullish scenario by providing new pressure on the barrier at 203.95, to find an exit for resuming the previously awaited bullish attack, the attempt of forming extra support at 202.85 level will increase the extra targets by its rally towards 204.60 directly, reaching the next main target near 205.25.

 

Note that the stability of stochastic within the overbought level will reinforce the chances of gaining the required bullish momentum, to achieve the required breach and reaching the previously suggested targets.

 

The expected trading range for today is between 203.35 and 204.60

 

Trend forecast: Bullish