The GBPJPY pair kept its stability since yesterday below the barrier at 214.50, which represents a confirmation key for the expected trend in the near and the medium trading, the stability below the barrier will increase the chances of gathering negative momentum to begin targeting corrective stations by reaching 213.50 and 212.75.
While breaching the current barrier and holding above it will cancel the bearish corrective scenario, providing a chance for targeting some extra positive stations by its rally towards 215.10 and 215.70.
The expected trading range for today is between 213.50 and 214.50
Trend forecast: Bearish
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