The GBPJPY pair’s trades extended bullishly to surpass 146.00 level and settle within tight sideways range, represented by 146.00 support and 147.80 resistance.
The price faces positive pressures now, as stochastic reaches the overbought areas to allow us to suggest the temporary positivity to attempt to reach the key resistance followed by monitoring the price behavior and manage to detect the next main trend.
Expected trading range for today is between 146.00 and 147.85
Expected trend for today: Bullish