The GBPJPY pair took advantage of the frequent stability within the bullish channel, forming new bullish wave to settle above the additional barrier 172.50, noticing achieving additional gains by reaching 173.95.
Stochastic continuous fluctuation within the overbought areas will increase the chances of gathering the positive momentum, to ease the mission of recording additional gains by rallying towards 174.65 and 175.40 levels.
The expected trading range for today is between 172.70 and 174.65
The expected trend for today: Bullish