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GBP/JPY Daily Analysis

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From our analysis, the pair is at the key resistance in the bearish channel
with long term support broken, it is expected to come down in the upcoming sessions that will target 147.000 first and then 146.300 respectively
As stochastic also approaches towards over bought condition

On the other hand, the rally of bull candles can regain the bullish bias by consolidating above bullish channel support that will target 148.500 first and then 149.200 respectively

Expected day trading range is between 148.100 and 147.000

Expected today trend: bearish

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