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The GBPJPY hovers near the barrier– Forecast today – 16-2-2026
The GBPJPY pair affected by the contradiction of the main indicators, since Friday’s trading to delay the negative attack and providing mixed trading, to approach from 209.15 barrier.
This scenario depends on the strength of this barrier, the stability below it will increase the chances of forming new bearish waves, attempting to reach 207.60 and 207.05, while surpassing the barrier will allow it to recover some losses by its rally towards 209.80 directly, to attempt to test the resistance near 210.60.
The expected trading range for today is between 208.00 and 209.20
Trend forecast: Fluctuated within the bearish track.
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