Despite the GBPJPY pair’s recent sideways trades, the main stability below the major resistance at 163.50 and 162.10 level forming additional barrier allow us to wait to gather the negative momentum, to ease the mission of recording the initial targets represented by 159.30 followed by attempting to break 158.60 obstacle in order to find a way to resume the negative trades for the upcoming period.
The expected trading range for today is between 161.50 and 159.30
The expected trend for today: Bearish