The GBPJPY pair continues to follow its bullish trajectory, consistently closing above the 177.60 level, which has now become additional support. Currently, the pair is fluctuating near the 182.00 level.
Positive momentum is expected to build, driven by stochastic indicators, potentially enabling the pair to target the 182.90 resistance level in the near term. Breaking this level may extend the upward movement towards 183.40, with further potential gains in the medium-term, targeting 184.20.
The expected trading range for today is between 181.50 and 182.90.
Expected trend for today: Bullish