The GBPJPY pair ended its recent bullish rally by recording 142.25 target that forms the extension of the bullish channel’s resistance that appears on the chart, expecting to witness mixed sideways trades between the current resistance and 141.05 support until gathering the required additional positive momentum to breach the resistance and target new positive levels that might extend towards 142.75 followed by 144.05.
The expected trading range for today is between 141.05 and 142.25
The expected trend for today: Sideways