The GBPJPY holds above the support – Forecast today – 14-3-2024

The GBPJPY pair provided new positive close above the additional support at 188.15 to notice the beginning of forming bullish waves and settling near 189.15, while stochastic stability above 20 level and its attempt to provide the positive momentum allow us to expect the activation the bullish attack by surpassing 189.70 obstacle followed by starting to record the main targets by rallying towards 190.25 and 191.20.

We remind you that declining below the current support and providing negative close will force it to cancel the bullish track and push it to suffer many losses by crawling towards 187.70 followed by reaching 38.2% Fibonacci correction level at 186.65.

The expected trading range for today is between 188.65 and 189.70

Trend forecast: Bullish