There is no change on the temporary sideways moves of GBPJPY pair, to fluctuate near 209.00 level due to the continuation of the main indicators’ contradiction, which obstacles the chances of resuming the main bearish trend, the sideways trading might continue temporarily until gathering negative momentum, attempting to press on 208.10 barrier, which extend the trading towards the main negative stations near 206.80 and 206.25.

 

While the risk of changing the negative trend and begin building a bullish path, which requires surpassing 210.45 and holding above it, to begin recording several gains to expect forming an initial station at 211.35. 

 

The expected trading range for today is between 208.10 and 209.55

 

Trend forecast: Bullish