There is no change on GBPJPY pair’s track until this moment, due to its stability above 210.40 support, to notice forming bullish waves and settling near 212.10 barrier.

 

The attempts of the main indicators to provide bullish momentum will increase the chances of breaching the current obstacle, opening the way for recording new gains that might begin at 212.55, then pushing the resistance to reach 212.85, which represent the confirmation point of regaining the main bullish trend, while the decline below the mentioned support and holding below it will confirm its move to the negative trend, forcing it to suffer several losses by reaching 209.60 and 209.00.

 

The expected trading range for today is between 211.30 and 212.55

 

Trend forecast: Bullish