In spite of the GBPJPY pair stability within the minor bullish channel levels recently, but forming an extra barrier at 50%Fibonacci correction level at 137.65 represents a true obstacle against the attempts of resuming the bullish attack.
And that makes us prefer some of the sideways fluctuations in the current period until the price activation with stochastic provide to the positive momentum by its stability near 80 level, and that allows to achieve the breach and reach to the next positive station at 139.10.
The expected trading range for today is between 135.80 and 138.00
The expected trend for today: Bullish