Despite the GBPJPY pair’s recent weak trades, it continues to get positive closings within the bullish channel that depends on the stability of 137.00 support line besides 139.80 level forming additional support against the current trades.
Therefore, we will be waiting to gather the additional positive momentum to manage to renew the bullish attack and target 142.00 followed by reaching the first additional target at 143.20.
The expected trading range for today is between 140.00 and 142.00
The expected trend for today: Bullish