The GBPJPY pair appears to have postponed its corrective bearish movement, as indicated by a positive close above 186.55 yesterday. This suggests a resurgence of bullish sentiment, with the pair settling near 187.60.
Furthermore, the stochastic indicator rallying above the 50 level is anticipated to provide the price with fresh positive momentum. This encourages the possibility of further bullish attempts, with potential targets including the 188.25 level and an attempt to breach the 189.00 barrier.
The expected trading range for today is projected to be between 187.10 and 189.00.
Overall, the anticipated trend for today is bullish, reflecting the current momentum in the GBPJPY pair.