GBPJPY Price Analysis Expected Scenario The GBPJPY pair faced difficulty to break 199.00 level, to form new support against the correctional bearish wave which pushed it to postpone the decline and form some bullish waves to settle near 200.40. Now, the positive stability above the additional support at 199.45 will increase the chances of new bullish waves to manage to surpass 200.75 obstacle and target additional positive station by rallying towards 201.25 followed by reaching the major resistance on the medium-term basis at 202.40. Expected Trading Range Between 199.60 support and 201.25 resistance.

Trend Forecast: Bullish