The GBPJPY pair repeated its fluctuation below 143.00 level, to settle below the moving average 55, to increase the chances for forming the suggested negative rebound, stochastic decline sharply and its stability within the oversold level increases the chances for gathering the negative momentum, to keep waiting for surpassing 142.00 level and reaching to the next target at 140.40.
Expected trading range for today is between 143.00 and 142.00
Expected trend for today: Bearish