The GBPJPY pair failed to hold below the moving average 55 at 153.30, to force it to form new sideways fluctuation by moving near 153.90, while the frequent negative fluctuation below 154.85 main resistance forms major factor to confirm the continuation of the negativity, allowing us to wait to gather the additional negative momentum to reach the negative stations at 152.25 and 151.60.
The expected trading range for today is between 154.50 and 152.25
The expected trend for today: Bearish