The GBPJPY pair recorded a new positive target in Friday trading by reaching 152.63, but its quick rebound below 152.05 barrier makes us wait for confirming the breach to ease the mission of resuming the bullish attack that might target 153.40 level in the current period.
Note that the continuation of providing negative closes below the current barrier will delay the bullish attack and forces it to form a new bearish correctional rebound to reach the moving average 55 at 151.35.
The expected trading range for today is between 151.80 and 152.80
The expected trend for today: Bullish