The GBPJPY pair ended the temporary negative rebound by reaching 217.15 level, to begin activating with the positivity of the main indicators by its rally above 217.55 level to rally sharply towards 218.55 approaching the initial barrier that we expected in our previous report.

 

The attempt of the main indicators to provide extra positive momentum will reinforce the chances pf breaching the barrier at 218.65, to open the way for targeting extra positive stations that might begin at 219.40 and 220.00, while the risk of changing the main trend is represented by breaking 216.35 level and holding below it.

 

The expected trading range for today is between 217.80 and 219.40

 

Trend forecast: Bullish