The GBPJPY pair repeatedly provided mixed trading on Friday, affected by the stability of the extra barrier at 203.95, besides stochastic attempt to exit the overbought level as appeared in the above image.

 

Reminding you that the stability of the trading repeatedly above 201.70 support will keep reinforcing the dominance of the bullish scenario, therefore, we will keep preferring the bullish momentum which allows it to surpass the current barrier and begin forming bullish waves, to target 204.65 level reaching the next target at 205.25.

 

The expected trading range for today is between 202.80 and 204.65

 

Trend forecast: Bullish