The GBPJPY holds above the additional support – Forecast today – 15-4-2024

Scenarios and Trading Range

The GBPJPY pair succeeded to face the recent negative pressures by testing the additional support 190.15, to form solid obstacle against moving to the negative track, to notice forming bullish wave and consolidate near 191.65.

We assure the importance of gathering the additional positive momentum to ease the mission of resuming the positive trades by targeting 192.50 level soon, while surpassing it will open the way to record additional gains that might start at 192.85 and 193.20.

The expected trading range for today is between 190.75 and 192.50

Scenario Report

1. Successful resistance against recent negative pressures.
2. Formation of bullish wave consolidating near 191.65.
3. Gathering additional positive momentum crucial.
4. Targeting 192.50 level.
5. Potential gains at 192.85 and 193.20 levels.