The GBPJPY pair suffered new negative pressures, which might push it to delay the bullish rally by its reach below the extra support near 164.50, to notice suffering extra losses by reaching 163.05.
In spite of the main stability within the bullish channel’s levels, but the continuation of facing negative pressures will increase the chances for its decline towards 162.65, to attempt to test the bullish channel’s support at 161.10.
The expected trading range for today is between 165.20 and 163.00
The expected trend for today: Bearish correctionally