The GBPJPY pair ended the recent sideways fluctuation by providing positive close above the additional support at 190.60, to start reacting to stochastic positivity by rallying towards 192.30 now and reinforce the chances of renewing the bullish attempts.

 

Facing continuous positive pressures will assist to target 50% Fibonacci correction level at 193.25 soon, and breaching this barrier will confirm its preparation to achieve additional gains by rallying towards 193.80 and 194.40 levels.

 

The expected trading range for today is between 191.20 and 193.25

 

Trend forecast: Bullish