The GBPJPY pair repeated its positive fluctuation above the moving average 55 to increase the chances of forming correctional bullish rebound until testing the main resistance at 148.10.
The price gets its current positive strength by the stability of the initial support 146.10 besides stochastic fluctuation above 50 level, to increase the chances of gathering the additional positive momentum and wait to reach 147.20 followed by extending trades towards the mentioned main resistance.
The expected trading range for today is between 146.00 and 147.20
The expected trend for today: Bullish