The GBPJPY pair opened today with positive price gap to surpass 198.80 obstacle and notice providing strong pressures on the broken bullish channels support line at 199.35.

We will depend on 197.35 level attempt to form additional support, noting that the continuous positive momentum coming by the major indicators will provide the chances to regain the bullish bias by surpassing 199.40 level soon, followed by targeting new positive stations by rallying towards 200.20 and 201.15.

The expected trading range for today is between 198.30 and 200.20

Trend forecast: Bullish