The GBPJPY pair failed to surpass 199.40 resistance yesterday due to the lack of the positive momentum, to form temporary negative rebound by fluctuating near 198.20 now, reminding you that the frequent stability above 197.30 additional support at 197.30 forms major factor to confirm the bullish track, to keep waiting to gather the positive momentum and repeat the pressure on the resistance in order to find a way to target new positive stations that might start at 200.20 followed by reaching 201.15.

On the other hand, declining below 197.30 will cancel the bullish overview for now to expect suffering additional losses by crawling towards 196.40 followed by reaching the MA55 at 195.40 before any new attempt to record the waited positive targets.

The expected trading range for today is between 197.80 and 200.20

Trend forecast: Bullish