The GBP/JPY pair has once again achieved positive closings above the crucial additional support level at 183.50. This development increases the likelihood of a resurgence in the previously proposed bullish advance, with the pair currently hovering around the 184.35 mark.
It is vital to emphasize the importance of accumulating additional positive momentum, which would facilitate the process of reapplying pressure on the 186.00 level. Subsequently, the pair aims to extend its trades, reaching the minor bullish channel’s resistance located at 187.55.
Today’s anticipated trading range is expected to fluctuate between 183.80 and 185.20, with a prevailing bullish trend.