The GBPJPY pair confirmed its surrender to the domination of the previously suggested correctional bearish bias by forming negative wave, surpassing the initial targets by reaching 163.40.

Stochastic exit from the overbought areas will increase the chances of gathering the negative momentum to manage to get rid of the obstacle at 162.80 and reach the next negative target at 161.75.

The expected trading range for today is between 165.30 and 162.50

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0498	-0.0092	0.8703%
The EURUSD attempts to breach – Analysis - 08-12-2022
	GBP/USD	1.2181	-0.0125	1.0148%

	Silver	22.613	-0.544	2.349%

	Oil	72.654	-8.821	10.827%
Crude oil price suffers more losses – Analysis - 08-12-2022
	Brent Oil	77.17	-2.18	2.75%

	Gold	1782.900	-12.660	0.705%
Gold price resumes the bullish bias – Analysis - 08-12-2022

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