The GBPJPY pair provided weak sideways fluctuation, to remain near 213.00 level, the stability within the bullish channel levels makes us wait for breaching the obstacle of 213.30, to open the way for recording new gains that might extend towards 214.05 and 215.20.
The risk of changing the main trend by the attempt of breaking the bullish channel’s support at 211.60, which might force it to suffer several losses by targeting 210.60.
The expected trading range for today is between 212.45 and 214.05
Trend forecast: Bullish
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