The GBPJPY pair formed temporary negative rebound yesterday, while the stability above the bullish channel’s support line at 133.40 today confirms the continuation of the positivity for the upcoming period, expecting to move towards 135.20 followed by reaching the next barrier at 136.65.
Note that attempting to crawl below the main support will confirm moving into the negative track, to expect suffering many losses that might start at 132.35 followed by reaching 23.6% Fibonacci correction level at 130.00.
The expected trading range for today is between 133.65 and 135.20
The expected trend for today: Bullish