The GBPJPY pair has successfully activated its bullish trend, benefiting from strong support at the 187.00 level. This stability has allowed the pair to surge, reaching the target resistance at 189.50.
The bullish momentum continued into the morning, with the pair advancing further to 191.25. This confirms the continuation of the bullish trend, with positive momentum from the stochastic indicator likely to push the pair towards the 192.30 level. Following that, the next key resistance target is at the MA55, around 193.55.
For today, the expected trading range for GBPJPY is between 189.70 and 192.30.
Trend Outlook: Bullish
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