GBPJPY Pair Analysis Expected Scenario The GBPJPY pair resisted the negative pressures recently by settling within the minor bullish channel again, forming some new positive waves to approach the historical high by touching 200.40 and holding near it. The price needs to hold above 199.10 support line and start gathering the additional positive momentum to ease the mission of breaching the current high and record new historical high that might start at 201.25 and 202.00, while breaking the support will force the price to activate the correctional bearish track to target 198.45 level initially, followed by reaching the next target at 197.10. Expected Trading Range Between 199.90 and 201.25

Trend Forecast: Bullish