The GBPJPY pair continued forming weak sideways trading, to keep fluctuating near 213.50 level, announcing its affection by continuous accumulation phase before it begins the previously suggested corrective trend, reminding you that the negative scenario depends on forming main barrier at 214.50 level against the current trading.

 

Therefore, we will keep waiting to gather the extra negative momentum, which allows it to reach below 212.80 level, to begin targeting corrective stations by reaching 211.80 followed by 210.45 support. 

 

The expected trading range for today is between 211.80 and 213.95

 

Trend forecast: Bearish