The GBP/JPY currency pair briefly experienced a downward fluctuation, inching towards the 184.45 mark. However, this minor deviation does not significantly impact its overarching bullish trajectory. The pair continues to consolidate within a bullish channel, with additional support noted at the 183.50 level.
These factors combine to create an environment conducive to the accumulation of positive momentum, potentially paving the way for the formation of new bullish waves. The primary objective is to advance further, targeting the 185.40 level and subsequently attempting to breach the 186.00 barrier.
As for today’s expected trading activity, it is projected to fluctuate within the range of 184.30 to 185.40. The prevailing trend for today remains decidedly bullish.