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The GBPJPY confirms positive momentum– Forecast today – 17-3-2026
Since yesterday’s trading, the pair has resisted negative pressure caused by the stochastic indicator slipping below the 50 level. We now observe a new positive close above the support at 210.60, followed by the formation of upward waves, bringing the price closer to the first target at 212.10.
We emphasize the importance of the price gathering positive momentum to maintain stability above 212.35, which would confirm readiness to target new bullish levels starting at 213.00 and 213.65. However, failure to hold above this level may reactivate the corrective bearish path, pushing the price down first toward 210.60. A break below this support could lead to further losses, targeting 209.45 and 209.00.
The expected trading range for today is between 211.30 and 213.00
Trend forecast: Bullish
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