The GBPJPY pair surrendered to the negative factors represented by the stability of the main resistance at 156.60 in addition to stochastic negative momentum signals.
These factors confirm the preparation to form correctional bearish trades, to expect crawling below 154.40 level soon and manage to achieve more negative targets by moving towards 153.00 and 151.90 levels.
The expected trading range for today is between 155.40 and 154.40
The expected trend for today: Bearish