The GBPJPY tends to activate the bullish track – Forecast today – 9-4-2024

GBPJPY Pair Price Analysis

Expected Scenario

• The GBPJPY pair provided more positive trades yesterday by surpassing the 192.00 barrier, attempting to activate the bullish track again by fluctuating near 192.35 now.
• It is crucial to hold above the 192.00 level to take advantage of the positive momentum indicated by stochastic. This could lead to targeting multiple positive stations, rallying towards 192.60 and 193.10.

Expected Outcome

The GBPJPY pair is expected to maintain its bullish momentum, supported by positive trades and stochastic indicating positive momentum. This could result in further upward movement in the near term.

Holding above the 192.00 level is crucial for sustaining the bullish track and targeting higher levels such as 192.60 and 193.10.

Expected Trading Range

Between 191.80 support and 193.00 resistance.