The GBPJPY pair showed new negative close below 130.00 resistance to support the previously expected negative overview, thus, we will keep waiting to form strong negative waves to be able to reach our targets that start at 126.40 followed by 124.60.
Stochastic attempt to exit the overbought areas supports getting rid of the positive pressures and start to gather new negative momentum to increase the chances of reaching our expected targets.
Expected trading range for today is between 130.00 and 126.60
Expected trend for today: Bearish