The GBP/JPY pair maintained stability above 154.60 and rebounded to the upside, approaching targets around 156.75. That helped the pair to continue trading within the bullish channel as we will maintain our positive expectations over intraday and short-term trends. Targets extend to 160.00.
**Trading range expected this week is between the main support at 154.00 and the main resistance 159.00
**Short-term trend is to the upside, targeting 163.00 if 147.65 remains intact