The GBPJPY pair continued to form negative trades since yesterday, to notice approaching the target at 189.30 that forms the key to confirm the continuation of the negativity for the upcoming period.

 

Note that getting continuous negative momentum by the major indicators will ease the mission to break the current obstacle, to keep our bearish overview to target 188.10 level followed by reaching the major support at 186.90, while breaching 191.40 will postpone the decline and form correctional bullish trades on the near-term and medium-term basis.

 

The expected trading range for today is between 188.10 and 190.70

 

Trend forecast: Bearish