The GBPJPY pair surrendered to the domination of the sideways bias recently, affected by 139.60 level forming solid barrier against the bullish attempts, to repeat the fluctuation near the initial support 137.70.
The price needs strong positive momentum to manage to breach the mentioned barrier and open the way to start recording the additional positive targets by moving towards 140.80 and 142.35 levels.
The expected trading range for today is between 138.00 and 139.65
The expected trend for today: Sideways