The GBPJPY pair continued delaying the negative corrective attempts due to the positive momentum that comes from the main indicators, which forces it to form some bullish waves, approaching near 214.50.

 

The price might continue providing mixed trading, however the stability below the previously mentioned barrier will increase the efficiency of the bearish corrective trend, to expect targeting 213.30 level, attempting to reach 211.80, while surpassing the barrier and holding above it will support the chances of forming strong bullish waves, to target 215.25 and 216.05.

 

The expected trading range for today is between 212.80 and 214.50

 

Trend forecast: Bearish