The GBPJPY pair is forced to provide slow corrective trading, due to the contradiction between the main indicators, keeping its fluctuations near 210.65 level, but its stability below 211.30 level supports the chances of activating the bearish corrective attack, to keep waiting for our negative expectations until reaching 209.70 level reaching the minor bullish channel’s support at 209.00.

 

While gathering extra bullish momentum and its rally above the barrier will provide new opportunity for activating the bullish trend, to expect targeting new positive stations that might begin at 212.65.

 

The expected trading range for today is between 209.30 and 211.20

 

Trend forecast: Bearish