The GBPJPY pair reinforced its bullish track by forming strong bullish wave now, settling above 137.00 support line, to increase the chances of achieving the positive targets at 138.80 and 139.40.
The moving average 55 approach to the mentioned support confirms blocking the price within the bullish range, also, stochastic exit from the oversold areas will increase the chances of gathering new positive momentum, to manage to achieve the waited targets.
The expected trading range for today is between 137.50 and 138.80
The expected trend for today: Bullish