The GBPJPY pair confirmed its affection by the bullish bias domination by providing new bullish wave to keep its stability above 150.00 level, while we expect the price to move towards the first target at 152.77, and the continuous positive pressures will extend trading to record additional targets that start at 154.65 followed by 156.60 today.
The price gets its main momentum through stochastic consolidation within the overbought areas, to reinforce the bullish bias domination and ease the attempts to record the suggested targets.
Expected trading range for today is between 150.80 and 154.65
Expected trend for today: Bullish