The GBPJPY pair repeated the negative closings below the initial barrier 151.20 to continue postponing the bullish attack and increase the chances of resuming the correctional bearish attempts that might target 148.40 followed by 147.80 levels soon.
On the other hand, succeeding to breach 151.20 and holding above it will allow the price to regain the bullish bias, to expect rallying towards 151.90 initially, followed by pressing on the previously recorded top at 153.40.
The expected trading range for today is between 151.20 and 148.40
The expected trend for today: Bearish