The GBPJPY pair faced sudden positive pressures yesterday to form positive rebound and reach 133.95, while closing the daily candlestick below 38.2% Fibonacci correction level at 133.35 supports the previously suggested bearish scenario.
The price needs new negative momentum to manage to form the negative waves, to target 132.00 level, while breaking this level might extend trades towards 130.65.
The expected trading range for today is between 133.70 and 132.00
The expected trend for today: Bearish