The GBPJPY pair took advantage of the support stability at 190.50, to begin todays trading with a strong positivity, to surpass the extra barrier at 191.55 and settle above the moving average 55, to increase the chances for renewing the bullish attempts.

Stochastic attempt to provide extra positive momentum makes us prefer targeting 192.55 level, and surpassing it might extend the gains in the current period to 193.15 and 193.90.

The expected trading range for today is between 191.55 and 193.15

Trend forecast: Bullish

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