GBPJPY ended yesterday’s trading with another negative close below the 210.40 level, forming strong bearish waves once again and currently approaching the additional support at 208.10, thereby reaching the targets suggested in the previous report.

 

We recommend waiting for the price to break the current support and hold below it to confirm its readiness to resume the main bearish attack, targeting further negative levels as it heads directly toward 207.45 and 206.80.

 

The expected trading range for today is between 207.45 and 209.25

 

Trend forecast: Bearish