The GBPJPY pair didn’t move anything since yesterday, maintaining its sideways fluctuation near 210.10 level, keeping the negative scenario that depends on the stability of the resistance at 212.00.

 

The price needs a new bearish momentum to ease the mission of renewing the pressure at 209.10, where breaking it will open the way for reaching the next support at 208.10, which represents the confirmation key for the main trend in the upcoming trading. 

 

The expected trading range for today is between 208.10 and 210.50

 

Trend forecast: Bearish