The GBPJPY pair has recently undergone anticipated correctional bearish waves, reaching the 185.30 level and showing attempts to capitalize on stochastic positive momentum by settling near 186.00.
Despite the correction, the primary bullish outlook remains intact, supported by the main stability within the bullish channel and the formation of additional support at 184.90. This sustains expectations for an upcoming rally towards 186.85, with further potential to touch the next target at 187.35.
Today’s projected trading range is expected to fluctuate between 185.60 and 186.85.
Expected Trend for Today: Bullish