The GBPJPY pair continued providing positive trading, noticing its stability above 203.95 and recording some gains by its rally towards 204.50, but stochastic negativity by its attempt to surpass the overbought level that might decelerate the bullish rally in the current period trading.

 

All that make us prefer the sideways trading, reminding you that the stability above the support at 201,70 forms a main factor for confirming the dominance of the bullish track, therefore, we will keep waiting for gathering extra bullish momentum to ease the mission of recording positive gains by its rally towards 205.25.

 

The expected trading range for today is between 203.35 and 204.65

 

Trend forecast: Fluctuated within the bullish track