The GBPJPY pair succeeded to achieve the required break to 148.35 level to hint the preparation to start correctional bearish bias, noticing that it reached the first target at 146.80, while the continuation of the negative pressures allows us to suggest move negative trading to expect facing 148.35 level as a new resistance to target 144.80 and test the bullish channel’s support line that appears on the chart.
Stochastic attempt to crawl towards the oversold areas reinforces the negative overview by providing new negative momentum, to manage to resume the bearish attack and reach our waited target.
Expected trading range for today is between 147.50 and 144.80
Expected trend for today: Bearish