The GBPJPY pair didn’t move anything by forming sideways trading due to its stability continuously below the resistance at 208.80, forming an obstacle for resuming the bullish trend.

 

The price might form temporary corrective trading, but the stability within the bullish channel levels and the continuation of forming extra support at 206.90 level, these factors support the chances of renewing the bullish attack, to expect surpassing the current resistance by recording new gains that might extend 209.30 and 209.75.

 

The expected trading range for today is between 207.40 and 208.90

 

Trend forecast: Fluctuated within the bullish trend