The GBPJPY needs to surpass the barrier – Forecast today – 16-4-2024

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair achieved some gains yesterday by touching 192.50 barrier.
• The weak positive momentum forced it to provide new negative close and notice its sideways fluctuation near 191.85.
• Importance of monitoring the price behavior until gathering the additional positive momentum to ease the mission of surpassing the mentioned barrier to open the way to resume the bullish attack.
• Reach the additional stations at 192.85 followed by 193.65.
• It is important to hold above 190.40 support line to avoid any losses that might appear due to changing the main trend.

Expected Trading Range

Between 191.35 and 192.85.