The GBPJPY pair provided new positive signal by surpassing 152.00 barrier, to increase the chances of resuming the main bullish attack in the near term and medium term period, noting that stochastic reach to the overbought areas will provide the price with new positive momentum to manage to form bullish rally and target 153.90 followed by 154.40 levels.
We notice that the moving average 55 consolidates below 152.00 level, to increase its stability and form additional support against the bullish attempts until recording the suggested targets.
The expected trading range for today is between 151.80 and 153.90
The expected trend for today: Bullish