The GBPJPY pair formed some bullish trading, to reach 61.8%Fibonacci correction level at 214.30, which forms a strong barrier to begin forming strong bearish waves, confirming the previously mentioned bearish scenario, to settle near 211.50.

 

The continuation of providing negative momentum by the main indicators will ease the mission of breaking the barrier at 211.30 level, to open the way for resuming the bearish trend, to expect reaching 210.45 support, which represents a confirmation key for the expected trend in the near and medium trading, as breaking this support will force the price to suffer extra losses that might extend towards 209.65 and 209.00.

 

The expected trading range for today is between 210.45 and 214.20

 

Trend forecast: Bearish