The GBPJPY currency pair maintained its positive momentum, advancing further to hit the second target at 194.80. Following this, a temporary negative fluctuation occurred, allowing the market to gather more positive momentum in preparation for further gains. The next potential targets are 195.60 and 196.50.
The bullish outlook remains intact, provided the 193.10 support level holds, along with continued positive momentum indicated by the key market indicators. This strengthens the likelihood of achieving the anticipated additional gains.
The expected trading range for today is between 193.70 and 195.60.
Trend forecast: Bullish
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