The GBPJPY pair formed a strong bullish attack yesterday, achieving the target at 161.65 to face 38.2% Fibonacci correction level that appears in the above image.
The current negative rebound doesn’t find any threat to the continuation of the positivity, due to the main stability within the bullish channel’s levels, besides the continuation of providing positive momentum by the main indicators, to expect the stability of the price at 159.60, and wait for achieving new gains that might extend to 162.40 and 163.55.
The expected trading range for today is between 160.00 and 162.40
The expected trend for today: Bullish