The GBPJPY pair provided mixed trading yesterday, affected by the contradiction between the main indicators, which might cause activating the bearish corrective track, so the stability below 206.90 forms main factor to confirm the negative suggestion in the near-term trading, therefore, we will keep waiting for its activation with stochastic negativity, to begin targeting corrective stations that might begin at 203.75.

 

Note that the price attempt to rally above 206.00 may delay the corrective trading in the current period, paving the way for retesting the mentioned barrier before reaching the suggested corrective targets.

 

The expected trading range for today is between 203.75 and 206.00

 

Trend forecast: Bearish