GBP JPY is confused 13/12/2013

The pair returned to be effected by an intraday positivity to settle around the resistance which is near 169.50 to keep the trading below the psychological barrier around 170.00 to stand confused due to the strength of the barrier against the current positive trading, until this moment we still prefer the bearish bias if the resistance level to achieve the initial negative target around 165.10

We should mention that the price succeed to breach the resistance will push to resume the bullish bias which allows the price to begin achieving new positive levels that begin at 171.20

Expected trading range is between 170.00 and 166.70

Expected trend for today: bearish if the resistance level settled