The GBPJPY pair didn’t move anything since yesterday, forming sideways trading by its stability near 202.30, affected by the contradiction between the main indicators, while its positive stability above the initial main support at 200.45 and attempt to form extra support at 201.70 level, these factors makes us keep the bullish suggestion, which might target 203.95 level and surpassing it will make the price record extra gains that begin at 204.60.

 

While breaking the extra support at 201.70 might force it to delay the bullish attack and provide mixed trading, and there is chance for retesting 200.45 level before reaching any new positive station.

 

The expected trading range for today is between 201.75 and 203.95

 

Trend forecast: Bullish