The GBPJPY pair trades extended bullishly to touch the first target at 156.00 and confirm surrendering to the bullish bias domination by consolidating within the bullish channel that appears on the chart.
The continuous stability above the major support 154.00 and the attempt to form additional support at 154.80 assist to reinforce the bullish track, waiting to surpass 156.00 level soon in order to achieve additional gains that might extend towards 157.42 and 158.35 levels.
The expected trading range for today is between 155.00 and 157.40
The expected trend for today: Bullish