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The GBPJPY repeats the negative closes– Forecast today – 5-5-2026
The GBPJPY pair confirmed its surrender to the dominance of the previously bearish bias by providing new close below 213.40 level, forming an extra barrier against the current trading, breaching 211.80 level to force it to provide temporary mixed trading by holding near 212.65.
Gathering extra negative momentum is important to ease the way for reaching below 211.80, opening the way for resuming the bearish trend by reaching 211.30, attempting to reach the next support near 210.45.
The expected trading range for today is between 211.30 and 213.20
Trend forecast: Bearish
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