Despite the GBPJPY pair’s new sideways trades recently, its main stability within the bearish channel confirms the preparation to form new negative attack on the near term and medium term basis, as the moving average 55 continues to form additional barrier by leaning at 144.75 level today to increase the chance of gathering the required additional negative momentum to achieve the targets at 143.00 and 142.10 levels.
The expected trading range for today is between 144.75 and 143.00
The expected trend for today: Bearish