The GBPJPY pair gained strong positive momentum yesterday after stochastic reached 80 level, to notice forming bullish rally and press on the moving average 55 at 151.20.
Until now, the correctional bearish overview will remain valid unless breaching the current barrier, waiting to gather the additional negative momentum to repeat the attempts to reach the correctional stations at 150.10 followed by 148.70.
The expected trading range for today is between 151.40 and 150.10
The expected trend for today: Bearish