The GBPJPY pair confirmed the stability of the bullish scenario, due to its stability within the minor bullish channel’s levels, to form some bullish waves, to record the initial target by reaching 213.30 level, to rebound temporarily to settle near 212.50.

 

The stability above the bullish channel’s support towards 211.30, besides providing positive momentum by the main indicators makes us keep the bullish scenario, which might target 214.05 reaching 215.20 level to reach the current channel’s resistance.

 

The expected trading range for today is between 214.05 and 212.10

 

Trend forecast: Bullish