The GBPJPY pair ended the last negative attack by reaching 209.15 target, forming an important extra support, which pushes it to form strong bullish rebound, to approach the initial barrier at 210.45.

 

Noticing stochastic attempt to provide bullish momentum by its rally above 50 level, and the price attempt to settle above the moving average 55 makes us prefer the bullish attempts again, to settle above 210.65 to begin targeting positive stations by its rally above 211.25, attempting to press on 212.05 resistance again.

 

The expected trading range for today is between 209.80 and 211.25

 

Trend forecast: Bullish