The GBPJPY pair ended the correctional bullish rebound by providing new negative close below 164.55 barrier, to surrender to stochastic negativity and form strong negative waves yesterday, to touch 159.20 level.
These factors confirm surrendering to the domination of the bearish bias, to expect fluctuating below the MA55 at 162.30, and renew the negative attempts to head towards recording the next negative target at 158.60.
The expected trading range for today is between 161.20 and 158.60
The expected trend for today: Bearish