The GBPJPY pair failed in confirming breaking 208.10 level, which forces it to activate the bullish corrective trend, to surpass 209.45 level and recording extra gains by its rally towards 210.30.

 

Note that stability below 210.40 supports the continuation of the negativity in the upcoming trading. The price might be affected by the instability until gathering extra negative momentum, to repeat the pressure attempts on 208.10 barrier to find an exit to reach the negative stations, which might extend to 206.85.

 

The expected trading range for today is between 208.10 and 210.40

 

Trend forecast: Bearish