GBPJPY Price Analysis Expected Scenario The GBPJPY pair lost its positive momentum, which forces it to form temporary negative trading, testing the extra support near 198.50, to settle above it, attempting to reinforce the chances for resuming the bullish track, which might target 199.80 level reaching the obstacle at 200.70. Note that if the price declines below the current support and provides negative closes, it will activate the bearish correctional track, expecting several losses that might extend to 197.15 and 196.00. Expected Trading Range Between 198.40 support and 199.80 resistance.

Trend Forecast: Bullish