The GBPJPY pair formed a strong negative attack to move away from the resistance at 146.15, ending the fluctuation near the initial main target at 144.05, resuming the negative attack needs breaking the current barrier to open the way towards targeting 143.35 level, reaching to the main bullish channel at 142.60.
We notice stochastic attempt to reach the oversold level to reinforce the continuation of the negativity, but to avoid any unexpected sideways fluctuation we recommend waiting for achieving the required break, then waiting for reaching the suggested extra targets.
Expected trading range for today is between 144.60 and 143.32
Expected trend for today: Bearish