The GBPJPY pair continued to fluctuate within the sideways track represented by 163.30 barrier and 161.80 support, to stay neutral and wait to surpass one of these levels to manage to detect the next main targets for the near term and medium term period.
We remind you that declining below the sideways track will activate the bearish attack, to expect suffering clear losses by moving towards 159.85 level, while rallying above the barrier and getting positive close will confirm forming strong bullish waves that might target 163.95 followed by 164.60 levels initially.
The expected trading range for today is between 163.30 and 161.80
The expected trend for today: Neutral