The GBPJPY rests – Analysis – 7-4-2021

The GBPJPY pair began gathering gains, attempting to rest after achieving 153.40, to notice its fluctuation near the support level near 151.70.

And that will not affect the main bullish track due to the stability of 150.10 level, to form an important support against the current fluctuation, therefore, we will keep waiting for gathering extra positive momentum, which increases the chances for recording new positive targets that might extend to 153.90 reaching to the bullish channel’s resistance at 154.60.

The expected trading range for today is between 151.50 and 153.30

The expected trend for today: Bullish