The GBPJPY failed to breach 146.60 level, to form an intraday obstacle against the bullish attempts, which forces the price to provide intraday sideways trading by its stability at 145.70, reminding you that the stability of the initial support at 143.00 important to confirm the confinement of the price within the bullish range, waiting for gathering strong positive momentum, that allows it to resume the bullish attack and achieving the waited target at 148.25.
we notice stochastic attempt to settle within the overbought level to end the sideways fluctuation by forming new bullish rally that allows it to achieve the suggested target.
Expected trading range for today is between 144.50 and 148.25
Expected trend for today: bullish.