The GBPJPY pair confirmed keeping the domination of the bullish bias by fluctuating above 151.90 level, to notice its approach to the next positive station at 152.95, while facing continuous positive pressures might increase the chances of moving towards the main bullish channel’s resistance at 154.10, to form the last target of the current bullish track.
On the other hand, bouncing negatively and closing below 151.91 will push the price back to the correctional bearish track, to start taking profits by targeting 150.10 followed by reaching 147.80 levels in the upcoming period.
The expected trading range for today is between 151.90 and 154.00
The expected trend for today: Bullish