The GBPJPY keeps the positivity – Forecast today – 22-4-2024

GBPJPY Pair Price Analysis

Expected Scenario

• No change to the GBPJPY pair’s bullish track until this moment, due to the frequent stability above the minor bullish channel’s support line at 190.85, noticing the beginning of forming bullish waves and settling near 191.65.
• It's important to gather positive momentum soon to confirm the bullish scenario and manage to target many positive stations by rallying towards 192.45 first. Surpassing this obstacle could push the price to 192.85 as the first main target of the bullish track, followed by reaching 193.35 on a medium-term basis.

Expected Trading Range

Between 191.15 support and 192.45 resistance.