The GBPJPY pair formed strong negative attack yesterday to suffer big losses and notice its crawl below the additional support 160.85, to target 159.05, and despite the main stability within the bullish channel, the negative momentum coming by the major indicators allow us to wait to test the key support at 158.40 followed by waiting the next close to manage to detect the net main trend.
The expected trading range for today is between 160.65 and 158.40
The expected trend for today: Bearish