GBP/JPY pair failed to confirm breaching the 183.50 barrier. They suffered some losses by crawling towards 182.05, noting that stochastic attempts to provide negative momentum might force the price to suffer additional losses by attempting to crawl towards the additional support of 181.55, followed by monitoring its behavior to manage to confirm the next trend.
On the other hand, succeeding in breaching the barrier and holding above it will open the way to resume the main bullish attack, which depends on the main stability within the bullish channel. To expect targeting at 184.40, followed by reaching the next main target at 185.00, the expected trading range for today is between 183.40 and 181.60.
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