The GBPJPY price keep forming strong bullish trading to reach the first target at 138.80, the continuation of stochastic attempt to provide the positive momentum that caused by its stability within the overbought level makes us keep the bullish suggestion until reaching the main resistance that located at 140.40.
We recommend monitoring the price behavior when reaching the targeted resistance, hence it forms a strong obstacle that might confine the price within the main negative range and find a strong chance to begin forming a bearish bias in the upcoming period.
Expected trading range for today is between 136.80 and 140.40
Expected trend for today: Bullish