Despite the GBPJPY pair’s intraday sideways trading, its frequent stability below 133.50 resistance confirms its preparation to form strong negative attack in the near term period, also, stochastic consolidation within the oversold areas will assist to form strong negative trades to expect targeting 131.20 followed by pressing on 130.00 barrier.
The expected trading range for today is between 132.45 and 130.00
The expected trend for today: Bearish