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GBPJPY Forecast Update – 9-7-2024

GBPJPY Price Analysis

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Expected Scenario

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The GBPJPY pair encountered negative pressure in recent sessions, testing the 206.00 barrier. Today, it has started with a bullish bias, aiming to resume its main bullish trend, with a next target set at 208.40.

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Stochastic indicators are attempting to reverse their negative momentum, supporting the continuation of the suggested bullish wave. This outlook remains valid as long as the price holds above the key level of 208.40 after testing it.

Expected Trading Range

  • Support: 205.00
  • Resistance: 207.50

Trend Forecast: Bullish

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