The GBPJPY pair still consolidated below 166.80, to increase the chances of renewing the correctional negative attempts that might target 165.40 and 164.50 levels.
Note that succeeding to breach the barrier and holding above it will confirm regaining the bullish bias, to start forming strong positive waves in order to reach 168.00 and 169.10 levels.
The expected trading range for today is between 166.80 and 165.40
The expected trend for today: Bearish