Despite the GBPJPY pair’s recent intraday bullish wave, the frequent negative stability below the bullish channel’s resistance at 156.30 increases the chances of starting the correctional bearish attack in the near term period.
Therefore, we will keep our bearish overview that might target 154.40 followed by 153.00 and 151.80 levels in the near term and medium term period.
The expected trading range for today is between 156.00 and 154.40
The expected trend for today: Bearish