The GBPJPY pair reacted to stochastic negativity to force it to decline below 151.80 level, hinting postponing the bullish attack, to notice suffering some losses by reaching 151.15.
We expect to continue forming negative waves until reaching the additional support at 150.40 followed by monitoring its behavior due to the importance of this support to detect the expected trend for the near term and medium term period.
The expected trading range for today is between 150.40 and 152.00
The expected trend for today: Bearish temporarily