The GBPJPY pair couldn’t not exit the sideways bias due to its fluctuation between 154.30 support and 155.70 resistance, thus, we will continue with our neutrality until surpassing one of these levels to manage to detect the next targets.
We remind you that declining below the mentioned support will activate the correctional bearish track that might target 153.00 followed by 151.80 levels, while breaching the resistance and settling above it will open the way to form strong bullish waves that might extend towards 156.30 followed by reaching the bullish channel’s resistance at 157.40.
The expected trading range for today is between 155.65 and 154.30
The expected trend for today: Neutral