The GBPJPY pair touched the next negative target at 133.15 yesterday, to confirm its move to the next negative station by surpassing the obstacle at 133.70, providing extra negative momentum by stochastic decline to 20 level will increase the chances for targeting new negative levels that are located at 131.90 reaching to 130.00 in the upcoming period.
the risk of changing the current negative trend is represented by the price attempt to breach 134.80 level, to force it to form bullish correctional trading before reaching the waited negative targets.
The expected trading range for today is between 134.40 and 132.00
The expected trend for today: Bearish