The GBPJPY pair has signaled its readiness to initiate robust bullish movements, evident from its recent positive close above the 181.80 level. This development has enabled the pair to maintain stability within the levels of the bullish channel. It has set its sights on the next target, which stands at 183.00.
With key indicators providing positive momentum, we anticipate the emergence of a powerful bullish rally. The pair is poised to surpass the 183.40 level, marking the initial milestone on the path to substantial gains. The subsequent targets include 184.20 and 185.00.
Today’s anticipated trading range is expected to fluctuate between 182.40 and 184.00.
The prevailing trend for today is likely to be bullish.