The GBPJPY pair provided more negative closes by moving away from 210.40 barrier, forming bearish waves by its stability below 208.10 level, announcing its readiness to resume the previously suggested negative trend.

 

Gathering extra negative momentum makes us expect reaching 206.70 level, where surpassing it will open the way for targeting more negative stations, to reach 205.90 and 205.10.

 

The expected trading range for today is between 206.70 and 208.70

 

Trend forecast: Bearish