The GBPJPY pair faced strong negative pressures yesterday after stochastic crawl towards the oversold areas, to notice forming strong bearish wave and settles below the main bullish channel’s support line at 137.05.
The continuous negative closings below the broken support allows us to suggest the domination of the bearish bias for the upcoming period to target new negative levels that might extend to 134.80 followed by 133.68.
The expected trading range for today is between 137.10 and 134.80
The expected trend for today: Bearish