The GBPJPY pair confirmed its surrender to the bearish corrective trend by providing a new negative close below the barrier at 205.35 level, activating the suggested corrective attack, hitting 202.65 level to record the suggested targets in the previous report.

 

The continuation of the main indicators contradictions makes us expect the price affection by the sideways trend, to keep waiting for surpassing 203.85 level, to motive the bullish track by targeting 204.55 and 205.20.

 

The expected trading range for today is between 202.75 and 203.85

 

Trend forecast: Bullish