The GBPJPY price provided new positive close above 145.45 level, to keep forming new support base against the bullish attempts, therefore, we will keep our expectation for the price rally to hit the recorded top at 148.45, note that monitoring the price behavior when achieving the target is important for detecting the main trend in the upcoming period.
Stochastic keeps providing the required momentum to resume the bullish attempts by its stability within the overbought level, note that it might increase the possibility for surpassing the waited target, which opens the way for reaching to new positive targets that might begin at 152.80, while its failure to breach the targeted top might force it to form sideways fluctuation until its decline to the initial support at 145.45.
Expected trading range for today is between 146.05 and 148.45
Expected trend for today: bullish