The GBPJPY pair returned to form new bullish trades, taking advantage of the frequent stability above the bullish channel’s support line at 154.10, to notice renewing the pressure on 156.00 obstacle in order to find a way to resume recording gains for now.
Also, stochastic continuous fluctuation within the overbought areas will provide the price with new positive momentum, waiting to achieve the required breach followed by reaching the positive stations at 156.55 and 157.40.
The expected trading range for today is between 155.20 and 156.55
The expected trend for today: Bullish