The GBPJPY pair provided new negative close in Friday’s trading below 200.45 level barrier, which forces it to form some bearish correctional trading, to settle near 199.55.

 

By the above image, we notice stochastic reach below 50 level, to provide the extra negative momentum, to confirm the dominance of the bearish correctional bias, which makes us keep the bearish suggestion until reaching the negative station near 198.60 and 197.80.

 

The expected trading range for today is between 198.60 and 200.40

 

Trend forecast: Bearish