“The GBPJPY pair renewed its bullish attempts, testing the resistance near 206.90 as it seeks a breakout to confirm continued upward momentum in the near- to medium-term, supported by stability within the bullish channel. Additional support is provided at 206.30, reinforcing the current trading levels.
We recommend waiting for a confirmed breakout to validate the pair’s readiness for further gains, with an initial target of 207.65, followed by a potential move toward the 2.386% Fibonacci extension at 208.20.
Expected Trading Range: 206.45 – 208.20
Trend Forecast: Bullish”
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