The GBP/JPY currency pair has repeatedly attempted to hold above the 188.55 resistance level. After reaching 189.50, the pair has since fluctuated near the breached resistance.
To solidify the bullish trend, a confirmed move above the current resistance is necessary, including a positive close. This would enable the pair to capitalize on the positive momentum indicated by the stochastic oscillator, potentially targeting further gains at 190.45 and 191.35.
The expected trading range for today is between 187.90 and 190.45.
Trend Forecast: Bullish
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