The GBPJPY pair succeeded in surpassing the negative pressure, keeping its stability above the initial support at 206.90, noticing the attempt of forming new bullish waves by its rally towards 208.10 barrier, announcing its surrender to the dominance of the sideways bias by the stability of the main levels.

 

The contradiction between the main indicators confirms the sideways trend in the current trading, to stay aside and monitor the price until surpassing the previously mentioned levels, breaching the barrier and holding above it will open the way for activating the bullish track again and holding below it will force it to force the price to resume the corrective decline, to expect reaching 206.25 and 205.80.

 

The expected trading range for today is between 207.00 and 208.10

 

Trend forecast: Neutral