The GBPJPY pair ended the recent bullish rally by recording 191.17 level, approaching 193.30 barrier to force it to postpone the bullish attack and provide mixed trades by fluctuating near 191.80.

 

Also, the contradiction between the major indicators by the MA55 consolidation above the mentioned barrier confirm the price surrender to the domination of the sideways bias, to expect moving between the current barrier and 190.80 additional support.

 

The expected trading range for today is between 191.00 and 193.30

 

Trend forecast: Sideways