The GBPJPY pair did not show any news until this moment despite its consolidation within the main bearish channel, affected by 138.40 level forming additional support to contradict the continuation of the previously waited negativity.
The price might wait additional sideways fluctuation to be confined between the current support and 140.40 level, due to forming additional barrier to increase the chances of gathering the required additional negative momentum to break the support line and reach the next negative target at 137.30.
The expected trading range for today is between 140.40 and 138.40
The expected trend for today: Sideways