The GBPJPY pair repeated the negative closings below 166.80 obstacle, to confirm its surrender to the domination of the correctional bearish bias by touching 165.65 level, also, stochastic crawl towards the oversold areas will increase the negative pressures, to keep our negative overview that might target 164.50.
The expected trading range for today is between 166.30 and 164.50
The expected trend for today: Bearish