The GBPJPY achieves the targets – Forecast today – 24-4-2024

Suggested Scenarios and Trading Range Analysis

1. Scenario: Sustained Bullish Momentum

   The GBPJPY pair has successfully activated the previously suggested bullish track, capitalizing on frequent stability above the bullish channel’s support line at around 190.40. Recent gains have been notable, with the pair surpassing the obstacle at 192.00 and settling near the second target of 192.85.

   • Stochastic indicators approaching the 80 level.
   • Attempt to form additional support line near the 192.40 level.
   • These factors support the continuation of positivity, potentially targeting additional gains soon.
   • Initial targets for further gains include levels at 193.35 and 193.75.

Expected Trading Range for Today

Between 192.50 and 193.35.

Trend Forecast: Bullish