The GBPJPY pair provided mixed trades recently, affected by the contradiction between the major indicators, to settle below 154.50 barrier and increase the chances of renewing the correctional bearish attempts, reminding you that the first negative station is located near 152.65, while breaking it will push the price to test the main bullish channel’s support line at 152.00.
On the other hand, breaching the mentioned barrier and holding above it will confirm regaining the bullish bias to expect forming strong positive rally to start recording many positive gains by moving towards 155.20 and 156.00 levels.
The expected trading range for today is between 154.50 and 152.70
The expected trend for today: Bearish