Despite the frequent stability of the GBPJPY pair below 166.40 barrier, we notice the weak negative trades, due to the continuation contradiction between the major indicators until this moment, to consolidate near 165.65.
We assure ethe importance of gathering the additional negative momentum to assist to activate the correctional bearish track, reminding you that the initial targets are located near 164.90 and 164.10.
The expected trading range for today is between 166.40 and 164.10
The expected trend for today: Bearish