The GBPJPY pair faced some bearish pressures due to its stability below 21.85 besides stochastic exit from the overbought levels, which forces it to form some corrective trading by facing the initial support near 216.35.

 

The price needs extra bullish momentum, which allows it to settle above the current support, to confirm its readiness to activate the bullish trend by targeting 217.15, repeating the pressure to find an exit for recording extra gains in the upcoming period.

 

The expected trading range for today is between 216.10 and 217.85

 

Trend forecast: Bullish