The GBPJPY pair took advantage of the positive stability above 164.30 to manage to form strong bullish rally and touch the first target at 166.00 as appears on the chart.
Now, stochastic rally above 50 level will reinforce the continuation of the positivity to ease the mission of holding above 166.00 level followed by reaching the additional stations that start at 166.70 and 167.40.
The expected trading range for today is between 164.30 and 166.70
The expected trend for today: Bullish