The GBPJPY pair reached the initial extra target at 204.65, which forces it to form sideways trading due to its neediness to the positive momentum, depending on forming extra support at 203.85, increasing the chances of gaining the required extra bullish momentum for recording extra gains that begin at 205.25 and 205.70.

 

While the failure to settle above 203.85 will push it to provide mixed trading, and there is a chance to begin gathering some gains, to expect reaching 203.10 to test %161.8 Fibonacci extension level near 202.45.

 

The expected trading range for today is between 203.90 and 202.25

 

Trend forecast: Bullish