The GBPJPY pair formed a strong bullish rally yesterday, benefiting from its stability above212.50 level, activating with the main indicators, to record several gains by reaching 215.20.

 

The stability of the trading above 55 moving average level besides the attempt of forming new support level at 214.05 level, these factors make us keep the bullish scenario, which might target 216.35 and 216.85.

 

The expected trading range for today is between 214.10 and 216.35

 

Trend forecast: Bullish