The GBPJPY pair repeats the attempts of forming bullish waves, taking advantage of its stability within the minor bullish channel’s levels that appear in the above image, besides the continuation of forming an extra support at 212.00 level, to rally towards 213.20 in this morning trading.

 

The price needs a new bullish momentum, which allows it to surpass the intraday barrier at 213.30, opening the way towards the main bullish stations that are located near 214.05 reaching to 215.2, while changing the main trend is represented by the attempt of breaking the bullish channel’s support at 211.40.

 

The expected trading range for today is between 212.10 and 214.05

 

Trend forecast: Bullish