The GBPJPY keeps the positivity – Forecast today – 1-5-2024
Economies.com
2024-05-01 05:25AM UTC
Scenarios and Trading Range
Expected Scenarios
- GBPJPY pair confirmed keeping the bullish track.
- New close above 196.00 was provided yesterday, extending the additional support.
Some gains were achieved by rallying towards 197.37.
New positive momentum is needed to ease the mission of resuming the bullish attack.
Expect targeting 197.75 level initially, followed by reaching 199.30 on a medium-term basis, forming the next main target of the bullish trades.
Trading Range
The expected trading range for today is between 196.60 and 197.75.
Trend Forecast
Bullish
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