The GBPJPY pair is surrounded by negative pressures, forcing it to break at 210.40, to move to a new negative station, to suffer big losses by reaching 207.10.

 

Stochastic stability within the oversold level might force the price to provide mixed trading, its stability below 210.40 confirms its surrender to the bearish trend, increasing the chances of targeting in the near period at 206.70 followed by 205.00 level.

 

The expected trading range for today is between 206.70 and 209.10

 

Trend forecast: Bearish