The GBPJPY pair formed more bearish waves, approaching 212.80 to begin recovering some losses by its rally towards 214.00 as appears in the above image.

 

Reminding you that the stability of the trading below 214.50 level will increase the chances of facing new bearish pressures, repeating the attempts of reaching 212.80, as breaking it will open the way for resuming the negative attack and reaching 212.00 and 211.45, while breaching the barrier and holding above it will cancel the negative scenario, opening the way for activating the bullish trend again by targeting 215.30 level initially.

 

The expected trading range for today is between 213.20 and 214.50

 

Trend forecast: Bearish