The GBPJPY pair was affected by the negativity of the MA55 that forms additional barrier by settling near 162.15, to notice forming new negative waves and touch the first target at 159.70.
In general, the frequent stability within the bearish channel and stochastic attempt to provide the additional negative momentum will increase the chances of renewing the pressure on 158.60 support line, while breaking it will increase the chances of reaching the additional stations that might start at 157.20.
The expected trading range for today is between 160.80 and 158.60
The expected trend for today: Bearish