The GBPJPY pair formed a strong positive rally, surpassing the target at 141.50 and recording 142.20 level, in general, we will keep the bullish suggestion hence it moves away from the support at 140.40, to expect targeting the moving average 55 at 143.00, and surpassing it will extend the trading to 144.50.
Stochastic reach to the overbought level confirms the bullish bias domination by providing a new positive momentum, to increase the chances for reaching the suggested positive stations.
Expected trading range for today is between 140.80 and 143.00
Expected trend for today: bullish.