The GBPJPY pair confirmed its surrender to the domination of the bearish bias by forming many negative waves and break 191.40 level, to notice achieving some waited negative targets by touching 189.90 level.

 

The price might face difficulty to resume the negative attack due to stochastic consolidation above 20 level, to expect providing some sideways trades until gathering the required additional negative momentum to attack 189.30 level, which breaking it will confirm targeting new negative stations that might start at 188.10 and 186.90 levels.

 

The expected trading range for today is between 189.30 and 191.60

 

Trend forecast: Bearish