GBPJPY resumed its negative trading, reaching 208.75 and surpassing the previously suggested first bearish target, confirming its continued adherence to the previously proposed bearish path.

 

Repeated stability below the barrier at 210.40, along with the continued negative momentum from the key indicators, will increase the chances of the pair soon declining toward the additional support at 208.10. A break below this level would open the way for new bearish targets, initially at 207.40 and 206.80, respectively.

 

Expected trading range for today: 208.10 and 210.00 

 

Trend forecast: Bearish