The GBPJPY pair activated with the negativity of the main indicators yesterday, to achieve the suggested negative targets in the previous report by reaching 209.40, which forces it to provide mixed trading to gather the required extra negative momentum to confirm the continuation of the negativity in the upcoming trading.

 

Note that forming an extra barrier at 210.65 level, and the stability of the trading below the moving average 55, these factors makes us keep the negative scenario to expect breaking the extra support at 209.10, to target new bearish stations that might begin at 208.30 reaching 206.90.

 

The expected trading range for today is between 208.30 and 210.40

 

Trend forecast: Bearish