The GBPJPY pair activated with stochastic negativity this morning, forming some extra bearish waves after breaking the extra support at 212.85, announcing its readiness to resume the previously suggested bearish corrective attack, to settle near 212.40.

 

We expect reaching 212.00 level soon, which forms an intraday obstacle against the negative attempts, note that surpassing it will reinforce the chances of reaching corrective stations, that is located near 211.10 and 210.60.

 

The expected trading range for today is between 211.60 and 212.90

 

Trend forecast: Bearish