The GBPJPY keeps the positivity – Analysis – 1-6-2023

Despite the lack of the positive momentum, the frequent stability of the GBPJPY pair above 172.50 support line forms major factor to confirm the bullish scenario, to notice rallying towards 173.90.

We expect the continuation of the positive crawling to surpass the recently recorded high at 174.25 and ease the mission of reaching the next main target at 174.75, while breaching it will confirm moving to the next station of the bullish bias at 176.20.

The expected trading range for today is between 172.90 and 174.50

The expected trend for today: Bullish