The GBPJPY pair continues its pattern of fluctuation below the additional resistance level at 186.35, displaying a reluctance to initiate bullish movements. This behavior suggests a likelihood of the correctional bearish trajectory being activated, potentially leading the pair to approach the 184.00 level in the near future. Further downward movement could bring the pair to test the initial support at 183.55.
However, a successful breach of the current resistance, followed by maintaining a position above it, would strengthen the potential for a renewed bullish rally. Such a scenario could pave the way for the pair to explore new positive territories, with potential starting points around 186.80, followed by a significant resistance level at 187.80.
In terms of trading expectations for the day, the projected range lies between 186.00 and 184.00, with the prevailing trend leaning toward bearish sentiment.