The GBPJPY pair still stable below 147.85 resistance, to block the bullish rally and force it to decline towards 146.60, affected by stochastic exit from the overbought areas.
In general, the stability of the mentioned resistance will increase the chances of forming new correctional bearish waves that might push it to crawl below 146.00 and reach the initial support 144.75.
The expected trading range for today is between 147.85 and 146.00
The expected trend for today: Bearish