The GBP/JPY pair has opened today’s trading session with clear positivity, surpassing the 206.00 barrier. This reinforces expectations for a continuation of the bullish trend, aiming towards our next target at 208.40.
As such, we maintain our suggestion of a bullish trend for both the intraday and short-term perspectives, as indicated by the bullish channel visible on the chart. However, breaking below 206.15 could halt the bullish rally and prompt a correction towards lower levels.
Today’s expected trading range is between 205.80 and 207.50.
Trend forecast: Bullish
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