The GBPJPY pair confirmed its surrender to the domination of the bearish bias by providing new negative close below 152.10 resistance line, to notice forming new bearish wave and settle near 150.60.
Stochastic attempt to crawl towards the oversold areas assists to provide new negative momentum, to ease the mission of targeting new negative levels, expecting to move towards 149.70 and 149.05 levels soon.
The expected trading range for today is between 151.60 and 149.70
The expected trend for today: Bearish