The GBPJPY pair started to form new bullish wave to press on 157.40 barrier in order to find a way to resume the bullish attack and decrease the chances of suffering additional losses as expected previously.
The price depends on 156.00 level forming additional support, while we assure the importance of waiting to achieve the required breach and get new positive close to reinforce the continuation of the positivity that might target 158.60 followed by reaching the psychological barrier at 160.00.
The expected trading range for today is between 156.50 and 157.40
The expected trend for today: Sideways