The GBPJPY pair has confirmed a shift to a bullish correctional trend by surpassing the 187.15 level. This movement has led to a strong bullish rally, with the price achieving notable gains and reaching 189.40.
Stochastic indicators support the positive momentum, increasing the likelihood of further upward movement. The next targets could be 190.25, followed by the 191.80 level, which previously acted as a strong resistance against downward movements.
Today’s expected trading range is between a support level of 188.10 and a resistance level of 190.25.
Trend Forecast: Bullish
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