Category: Forex News, News
The GBPJPY achieves the target– Forecast today – 13-5-2025
The GBPJPY pair continued forming bullish trading, to face 23.6%Fibonacci correction level at 159.80, forming the previously suggested main target, to notice forming mixed trading due to stochastic reach to the overbought level, which makes us prefer the domination of the sideways bias temporarily until breaching the current barrier, which allows it to target new positive stations that might begin at 196.60.
While the failure to breach the barrier might assist the price to activate the bearish correctional track, which forces the price to suffer several losses by reaching 193.85 followed by 193.30 level, to close the last price gap.
The expected trading range for today is between 194.40 and 196.60
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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