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The GBPJPY maintains bearish bias – Forecast today – 20-5-2026
The price of GBPJPY ended yesterday’s trading session by posting a new negative close below the initial barrier located at 213.50, with the pair now beginning to form some downward waves, settling around 212.80.
The divergence in key indicators with the prevailing bearish stability may lead to mixed trading until additional downside momentum is built up to achieve bearish targets currently located at 212.35 and 211.80 respectively.
On the other hand, regaining bullish momentum would require a strong upward push, with the price stabilizing above the 66.8% Fibonacci retracement level at 214.50.
The expected trading range for today is between 212.30 and 213.50
Trend forecast: Bearish
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