The GBPJPY pair faced strong positive pressure yesterday that pushed it to settle above the key resistance 143.30, threatening the previously suggested negative stability, while we notice from the above chart that the price faces the moving average 55 at 143.90, expecting to consolidate within tight range represented by the moving average 55 and 143.30 level.
Therefore, we recommend to stay a side until the price breaches one of the key levels followed by managing to detect the main trend for the upcoming period.
Expected trading range for today is between 143.30 and 144.00
Expected trend for today: Neutral