The GBPJPY pair activated with the positivity of the main indicators, breaching 209.15 barrier, to confirm regaining the bullish trend, recording the initial target by its rally towards 210.65.

 

Despite forming extra barrier at 210.65 level, the stability of the moving average 5 below the current trading reinforces the chances of gathering extra positive momentum, to ease the mission of resuming the rise to expect targeting 211.15, to extend the trading towards 211.70, which represents the next main target in the current trading.

 

The expected trading range for today is between 210.10 and 211.70

 

Trend forecast: Bullish