The GBPJPY pair continued to form correctional negative trades recently, moving towards 165.17, to record the expected target in our previous report, and despite the main stability within the bullish channel, we expect to renew the correctional bearish attack depending on the stability of the additional barrier 167.00 in addition to stochastic continuous negative momentum signals.
Therefore, we will continue to suggest the negative attempts until reaching 164.80 level, while breaching the mentioned barrier will confirm rallying bullishly to increase the chances of reaching the recently recorded high at 168.70.
The expected trading range for today is between 166.70 and 164.80
The expected trend for today: Bearish