The GBPJPY pair continued to provide correctional bearish trades recently, to notice recording 148.52 level, affected by the temporary negative pressures in addition to the stability of the additional barrier at 150.50.
Therefore, we will continue to suggest the temporary negative trades until touching 147.80 level, to form the main target, followed by monitoring the price behavior due to the importance of this obstacle to detect the next trend for the near term and medium term period.
The expected trading range for today is between 150.00 and 147.80
The expected trend for today: Bearish