The GBPJPY keeps the positivity – Forecast today – 18-4-2024

GBPJPY Pair Price Analysis

Expected Scenario

• The GBPJPY pair's bullish track remains unchanged, fluctuating within the minor bullish channel.
• 190.65 level forms major support, while 191.70 level continues to form additional support.
• The pair achieves some gains by fluctuating near 192.50.

Expected Outcome

No change to the GBPJPY pair’s bullish track that keeps fluctuating within the minor bullish channel, depending on 190.65 level forming major support, while 191.70 level continues to form additional support against the current trades, to notice achieving some gains by fluctuating near 192.50.

Also, stochastic reaching towards 80 level will provide the price with new positive momentum, reinforcing the chances of activating the bullish attack and waiting to achieve positive gains at 192.85 and 193.65.

Expected Trading Range

Between 191.75 and 192.85.