Despite recent sideways movements and hovering around the 183.00 level, the GBPJPY pair remains in a bullish trajectory, supported by the continuous backing of the MA55 at 182.10.
Anticipated positive reactions from major indicators are expected to initiate new bullish waves, putting pressure on the 184.50 level. A successful breach of this resistance is likely to propel trades towards key levels at 185.45 and 186.15.
Today’s expected trading range is between 182.75 and 184.50, with a prevailing bullish trend anticipated.