The GBPJPY pair formed strong bullish wave to decrease the losses caused by the domination of the correctional bearish bias, to notice surpassing 151.20 level in order to increase the chances of renewing the bullish attempts for the near term and medium term period.
To confirm the continuation of the positivity, we recommend waiting the stability above 151.80 level to reinforce the chances of targeting the positive levels that might start at 152.90 and 154.10.
The expected trading range for today is between 150.20 and 152.90
The expected trend for today: Bullish