The GBPJPY pair renewed the attempts to exit the negative attack by rallying above the bearish channel’s resistance at 164.25, to notice recording some gains by touching 164.95.
The price needs to get positive close above the breached resistance to confirm moving to the bullish track and start targeting the positive stations near 165.60 followed by reaching the additional barrier at 166.75.
The expected trading range for today is between 164.10 and 165.60
The expected trend for today: Bullish