The GBPJPY pair repeated forming correctional trades to move away from the additional barrier at 164.60, suffering some losses by touching 162.65 level, noting that stochastic continuous fluctuation below 50 level will increase the chances of gathering the negative momentum, to expect resuming the negative attack that might target 161.70 and 159.55 levels.
The expected trading range for today is between 162.80 and 160.00
The expected trend for today: Bearish