The GBPJPY pair succeeded to provide new negative trading yesterday, to settle currently below the support at 140.30, announcing the domination of the bearish bias, therefore, we will keep waiting for achieving the main targets that begin at 138.50 reaching to 135.60 in the upcoming period.
Stochastic reach to the oversold level reinforces our bearish suggestion by providing new negative momentum that allows the price to resume the negative attack and achieve the waited targets.
Expected trading range for today is between 140.30 and 138.50
Expected trend for today: Bearish