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The GBPJPY keeps delaying the bullish rally– Forecast today – 14-7-2025
AI Summary
- GBPJPY pair facing obstacles against bullish attempts, supporting chances for correctional trading targeting 197.85 and 197.40 levels
- Positive close above 199.00 could lead to targeting 199.60 and 200.35 levels
- Expected trading range for the day is between 197.85 and 199.00 with a bearish correctional trend forecasted
Despite the stability of the GBPJPY pair within the bullish channel’s levels, its continuous pressure for the negative pressure by stochastic exit from the overbought level, besides forming an important obstacle against the bullish attempts, these factors support the chances for forming more of the correctional trading, targeting 197.85 and 197.40 level.
The price success to step above 199.00 and providing a positive close, reinforcing the chances for gathering the positive momentum, to attempt to target several positive stations by targeting 199.60 and 200.35 level.
The expected trading range for today is between 197.85 and 199.00
Trend forecast: Bearish correctionally
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