The GBPJPY pair succeeded to gather the positive momentum to keep its positive stability above 139.30, to notice the beginning of forming bullish waves and settling near 141.15.
We expect the price to move towards 142.05 that forms extension of the bullish channel’s resistance that appears on the chart followed by monitoring its behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 140.40 and 142.05
The expected trend for today: Bullish