The GBPJPY pair surrendered to the negative factors, to resume the previously suggested negative attack, to notice breaking the targeted support at 209.10, forcing it to suffer extra losses by reaching 207.65 as appears in the above image.

 

Note that the continuation of the price stability below 209.10 level, which might form a strong barrier will force the price to resume the negative trading, to expect reaching 207.00 followed by the next support base at 205.10 level, while its rally above 209.10 will increase the chances of activating the attempts of recovering the losses by its rally gradually towards 209.75 and 210.45.

 

The expected trading range for today is between 207.00 and 208.80

 

Trend forecast: Bearish