The GBPJPY pair is under positive pressure, which forces it to delay the bearish movement, by its rally above 210.60 level, recording some gains by reaching 211.43.

 

Note that the stability below the main resistance at 213.30 and forming extra barrier at 212.10 level makes us keep waiting for gathering negative momentum, to ease the mission of activating the negative scenario by reaching 210.60 initially, to begin targeting the negative stations near 209.10 and 208.25.

 

The expected trading range for today is between 209.10 and 211.80

 

Trend forecast: Bearish