The GBPJPY pair ended its negative rally by approaching the first target at 154.40, providing some sideways fluctuation to keep its correctional bearish track that depends on the stability of the key resistance at 154.60.
Now, stochastic reach to 20 level allows us to expect gathering the additional negative momentum to manage to crawl below 154.00 and start recording the additional correctional targets that might start at 153.00 and 151.90.
The expected trading range for today is between 155.40 and 154.00
The expected trend for today: Bearish