GBPJPY attempted to renew pressure on the resistance level at 210.40, with the pair currently attempting to hold above it and stabilizing around 210.80, increasing the chances of resuming the bullish bias. We emphasize the importance of a positive four-hour close above the breached level to confirm its readiness to record further gains, potentially extending toward 211.25 and 212.05, respectively.

 

However, failure to confirm the breakout would push the pair into mixed trading before attempting to renew the bearish moves, targeting 209.15 and then the additional support near 208.10.

 

 

The expected trading range for today is between 209.90 and 211.25

 

Trend forecast: Bullish