Navigating the Bias Shift : GBPJPY 27/9

I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.

The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a price expansion today between 130-150 pips.

There are no risk events for the U.K and Japan