The GBPJPY pair began forming positive trading to approach from the initial target near 161.70, to announce its surrender to the domination of the expected bullish bias, forming an extra support at 159.50 level makes us expect the continuation of stochastic fluctuation above 50 level, gathering positive momentum will allow it to surpass 161.70 level and reaching new positive stations that begin at 162.40 and 163.40.
The expected trading range for today is between 159.80 and 162.40
The expected trend for today: Bullish