The GBPJPY pair suffered more losses yesterday due to the lack of the positive momentum, to notice approaching the initial support at 150.10, while renewing the bullish attempts requires gathering new positive momentum to ease the mission of forming new bullish waves, to target 151.80 followed by pressing on the recently recorded high at 153.40.
On the other hand, facing new negative pressures and crawling below the mentioned support will confirm the domination of the correctional bearish bias, to expect suffering new losses that might extend towards 149.40 and 147.85 levels.
The expected trading range for today is between 150.10 and 151.80
The expected trend for today: Bullish