The GBPJPY pair faced strong positive pressures, which pushed it to form bullish attack and press on the bullish channel’s resistance at 156.05, while the upcoming scenario depends on the strength of this resistance, to expect renewing the correctional bearish attempts that might target 153.00 initially.
On the other hand, succeeding to surpass the current resistance and holding above it will confirm moving to new bullish track, to start targeting many positive levels by reaching 156.70 and 157.60 levels.
The expected trading range for today is between 155.00 and 156.60
The expected trend for today: Bullish