GBPJPY Price Analysis
Expected Scenario
- The GBPJPY pair achieved some gains yesterday by touching 192.50 barrier.
- The weak positive momentum forced it to provide new negative close and notice its sideways fluctuation near 191.85.
- Importance of monitoring the price behavior until gathering the additional positive momentum to ease the mission of surpassing the mentioned barrier to open the way to resume the bullish attack.
- Reach the additional stations at 192.85 followed by 193.65.
- It is important to hold above 190.40 support line to avoid any losses that might appear due to changing the main trend.
Expected Trading Range
Between 191.35 and 192.85.
Trend Forecast: Bullish