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The GBPJPY repeats the negative closes– Forecast today – 1-4-2026
The GBPJPY pair provided a new negative close yesterday below 210.60 level, announcing its surrender to the previously negative bias dominance, recording some targets by reaching 209.60 level, providing some sideways trading due to the continuation of the main indicators contradiction.
In general, the bearish scenario will remain valid if the trading settles below the resistance at 212.20, confirming the importance of gathering extra negative momentum, to ease the mission of reaching 209.10 and surpassing it might extend the losses directly towards 208.25.
The expected trading range for today is between 209.10 and 210.60
Trend forecast: Bearish
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