The GBPJPY pair took advantage of the positive pressures caused by stochastic consolidation within the overbought areas in addition to the stability of the additional support at 151.80 to notice forming bullish waves and recording 153.00 level.
The main stability within the bullish channel that appears on the chart allows us to continue suggesting the bullish trend for the near term and medium term period, expecting to target 153.90 followed by pressing on the additional barrier at 154.50.
The expected trading range for today is between 152.35 and 153.90
The expected trend for today: Bullish