The GBPJPY pair managed to breach the resistance line that appears in the image and settled above it, reinforcing the expectations for the bullish trend continuation in the upcoming sessions, easing the way towards 153.40 level as an initial target.
The moving average 55 supports the expected bullish trend, which will remain valid conditioned by holding above 151.85 – 151.40.
The expected trading range for today is between 151.80 and 153.40
The expected trend for today: Bullish