The GBPJPY pair suffered from the stability of the barrier at 161.65, which forces it to delay the bullish attack and form a bearish correctional rebound, approaching from the extra support near 157.60.
Noticing the price respond to stochastic positivity by its rally near 160.00, to confirm the continuation of the positivity, to keep waiting for renewing the pressure on the mentioned barrier, in order to find an exit to resume the bullish attack and reaching the extra targets that are represented by 162.40 and 163.55 level.
The expected trading range for today is between 157.80 and 160.70
The expected trend for today: Bullish