The GBPJPY pair formed sharp decline yesterday to move away from the initial resistance 137.80, to notice recording new negative level by reaching 135.15, while the main consolidation within the bearish channel allows us to suggest more negative attempts that might target 134.80 followed by 133.70 levels.
Stochastic continuous fluctuation within the oversold areas increases the negative pressures to support our negative overview by providing continuous negative momentum until reaching the suggested targets.
The expected trading range for today is between 136.25 and 133.70
The expected trend for today: Bearish