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GBPJPY Price Analysis
Expected Scenario
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The GBPJPY pair has maintained its bullish trajectory, consistently closing above the $198.50 support line. This pattern has led to the formation of new bullish waves, bringing the pair closer to the initial target at $201.35.
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Market analysts anticipate a surge in positive momentum, potentially surpassing the $201.35 level and paving the way for the next major target at $201.90. However, failure to breach the $201.35 mark may trigger a temporary correctional bearish movement, leading to a decline towards $199.55 before establishing new bullish targets.
Expected Trading Range
The expected trading range is projected to be between $200.60 and $201.90.
Trend Forecast: Bullish
