Rephrased Version:
GBP/JPY experienced limited sideways movement in its latest intraday session, as it sought to establish a rising low that could serve as a base for gaining bullish momentum. Despite the appearance of negative signals on the relative strength indicators, dynamic support from trading above the 50-period EMA continues to reinforce the potential for a near-term recovery. The pair remains within the dominant short-term bullish trend, trading along a minor ascending trendline.
Accordingly, we expect GBP/JPY to rise in the upcoming intraday session, provided that support at 205.30 holds, with resistance positioned at 206.80.
The expected trading range for today is 205.25–206.45.
Trend Forecast: Bullish
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