The GBPJPY pair faced negative pressures in the last trading, by providing new closes above 210.60 level, to fluctuate near 212.10, attempting to gather the required extra positive momentum to confirm the previously suggested bullish scenario.

 

The price needs to surpass 212.45 level, forming an intraday barrier in the last period, which allows it to form new bullish waves, to target the initial stations at 213.05 and 214.05, while its decline below 210.60 and providing negative close will force it to activate the negative movement, suffering several losses that might begin at 209.15.

 

The expected trading range for today is between 211.65 and 214.00

 

Trend forecast: Bullish