The GBPJPY pair settled above 208.10 level, forming new bullish waves and achieving some previously suggested targets by reaching 209.00, then waiting for providing new sideways trading by its stability near 208.50.

 

Reminding you that the bullish scenario will remain valid due to the stability within the bullish channel’s levels besides the stability of the initial main support at 206.95, therefore, we will keep preferring our bullish scenario, to expect attacking the bullish channel’s resistance at 209.30 then attempts to hit the next main target near 209.85.

 

The expected trading range for today is between 208.00 and 209.85

 

Trend forecast: Bullish