The GBPJPY price remains stable within the bullish range since the last period, affected by the moving average 55, which confirms the continuation of the positivity in the upcoming period, note that the price success to gather extra momentum will allow it to hit the initial target at 138.80, to increase the possibility for testing the main resistance by reaching 140.40.
Stochastic stability within the overbought level opens the way towards gaining the required momentum to end the sideways fluctuation, to be attracted to the suggested targets.
Expected trading range for today is between 135.50 and 138.80
Expected trend for today: bullish.