The GBPJPY pair managed to gather the required negative momentum as stochastic reached the oversold areas, to confirm the continuation of the negativity for the upcoming period and notice the price consolidation around 126.75, while the stability of 128.15 initial resistance confirms blocking the price within the bearish level, to keep waiting to achieve the targets that start at 124.60 and extend towards 120.90.
Expected trading range for today is between 128.10 and 124.60
Expected trend for today: Bearish