The GBPJPY pair achieved the previously suggested negative targets by hitting 210.40 level, but providing negative momentum by the main indicators pushed this morning trading to resume the negative trend.

 

Forming negative attempts make us expect targeting 209.10 level, which might form an important support to recover the losses gradually by its rally towards 209.90 and 210.40, while breaking this barrier will force it suffer extra losses that might extend towards 208.50 and 208.20.

 

The expected trading range for today is between 209.00 and 210.40

 

Trend forecast: Bearish