The GBPJPY pair confirmed its preparation to form strong negative attack due to its stability within the bearish channel that appears on the chart, thus, we need to assure the stability of 133.00 resistance, waiting to target 131.10 level, while surpassing it might extend trades towards 129.80 to press on 23.6% Fibonacci correction level.
The expected trading range for today is between 133.05 and 131.10
The expected trend for today: Bearish