The pair remains affected by the bearish wave recently to keep the price stable below 156.75 which formed a barrier against the price decline, therefore, we expect the continuation of the current dominant negativity to visit 154.25, which acts as a support level for the bearish bias.
Carefully note that the pair remains trading within a main bullish channel if the main support level around 151.30 remains intact, which supports the expectation of the bullish trend return in the upcoming period with the end of the current dominant bearish wave.
Expected trading range is between 156.70 and 154.30
Expected trend for today: bearish