The GBPJPY pair confirmed the affection by the bearish bias domination due to providing frequent negative closings below 134.60 barrier to notice crawling below the moving average 55 and recording 132.55.
Stochastic provides additional negative momentum caused by approaching 20 level to allow us continue suggesting the negative trades and expect reaching 132.05 and 131.25 targets.
The expected trading range for today is between 133.85 and 132.05
The expected trend for today: Bearish