Despite the stability of the GBPJPY pair in the last period below the barrier at 200.45, but the continuation of the main indicators’ contradiction that pushed it to form sideways trading by its repeated stability near 199.60.

 

We will keep waiting for gathering the extra negative momentum, to ease the mission of forming new correctional waves, to target 198.60 level reaching the extra support at 197.80, while breaching the barrier will turn the bullish track back, to begin recording extra gains by its rally towards 200.90 and 201.55.

 

The expected trading range for today is between 198.60 and 200.40

 

Trend forecast: Bearish