The GBPJPY pair didn’t record any new positive target since yesterday, affected by stochastic attempt to exit the overbought level, forming sideways trading to keep its fluctuation near 203.10 level.

 

Reminding you that the stability above the support level at 201.70 forms a main factor to confirm the bullish scenario, which makes us wait to gather bullish momentum, motivating the pressure on the barrier at 203.95 to find an exit for resuming the bullish attack in the near period and recording extra gains that might begin at 204.65 and 205.25.

 

The expected trading range for today is between 202.50 and 204.65

 

Trend forecast: Bullish