The GBPJPY pair began this morning with clear negativity due to its stability below 215.70 level, to form some corrective waves by its stability near 215.20, however forming an extra support level at 214.80 makes us wait for gathering extra positive momentum, which allows it to confirm breaching the barrier, to begin targeting new positive stations that might begin at 216.40 and 217.20.
While the decline below 214.80 and providing negative close will increase the efficiency of the bearish corrective trend to suffer more losses by targeting 214.10 and 213.55 level.
The expected trading range for today is between 214.80 and 215.70
Trend forecast: Fluctuated
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