In spite of forming a temporary positive rebound by GBPJPY pair’s price, but its stability below the resistance at 136.70 supports the continuation of the bearish track in the near and medium period trading.
we expect forming an extra barrier at 134.90 level against the current trading, to increase the chances for gaining negative momentum, then begin forming new bearish trading in order to reach 133.45 and 131.90.
The expected trading range for today is between 134.70 and 132.00
The expected trend for today: Bearish