The GBPJPY pair repeats providing positive closes above 152.85 level, to confirm its readiness to achieve more of the positive targets in the near and medium period, we notice stochastic reach to the overbought level, which provides extra positive momentum that eases the attempt for reaching the waited targets at 154.45 and 155.90.
We should mention that the price attempt to decline below 152.85 level, so that will delay the positive overview, which forces it to suffer some losses by forming bearish correctional trading and testing the support level at 150.50.
Expected trading range for today is between 152.85 and 154.45
Expected trend for today: Bullish.