The GBPJPY pair formed new bearish wave yesterday to move away from 133.75 barrier, confirming its surrender to the previously expected bearish bias, while stochastic attempt to form bearish wave will increase the chances of gathering the negative momentum to manage to crawl below 132.50 and reach our target at 131.10.
The expected trading range for today is between 133.30 and 131.10
The expected trend for today: Bearish