The GBPJPY pair is under strong positive pressures, pushing it to surpass the resistance at 213.30, to settle above it to confirm regaining the bullish bias by its stability within the minor bullish channel’s levels, recording 213.85 level.

 

The continuation of providing positive closes above 213.30 level will allow it to take advantage from the main indicators, to begin targeting new positive stations that might begin at 214.10 and 215.00, while the return to settle below 213.30 will force it to activate the bearish corrective scenario again, forming the initial negative targets at 211.90 level.

 

The expected trading range for today is between 213.30 and 215.00

 

Trend forecast: Bullish