The GBPJPY pair confirmed its readiness to resume the main bearish attack by providing a new negative close below 129.90 level, to form an extra barrier against the negative trading, we expect surpassing 128.25 to head directly to the next support at 126.50 level, which forms the waited target for the near and medium trading.
The continuation of stochastic fluctuation within the oversold level reinforces the bearish scenario by validating an extra negative momentum, to ease the price mission to record the suggested extra negative targets.
The expected trading range for today is between 130.00 and 126.50
The expected trend for today: Bearish