GBP JPY is negative

The pair succeeded to settle below the moving average 55 at 144.50 to achieve negative level by achieving the initial waited target at 143.60 and begins with new negative level to approach from the second target around 141.10

Therefore, we expect the continuation of the bearish bias during the upcoming trading if 144.50 settled as a resistance against the price, we notice that Stochastic attempts to settle in the oversold levels which support the upcoming negative overview.

Expected trading range is between 144.00 and 141.10 

Expected trend: bearish