The GBPJPY pair kept its stability above 197.30 support line, to notice forming some bullish waves yesterday and recording some gains by touching 199.70 level.

Stochastic current fluctuation below 80 level might force the price to provide some sideways trades until gathering the required additional momentum to attack 200.40 resistance line, while surpassing it will extend trades towards the additional targets at 201.15 and 202.80.

The expected trading range for today is between 198.00 and 200.20

Trend forecast: Bullish