The GBPJPY pair took advantage of stochastic negativity the consolidates within the oversold areas to notice forming new negative wave that reinforces the bearish overview, thus, we will keep waiting to provide strong pressure on 136.60 level, and breaking this level will push the price to reach the next negative station at 135.50.
Any sudden positive rebound won’t change the main bearish track, unless attempting to jump above 138.50 resistance, thus, we will keep suggesting the negative attack until reaching the waited target.
The expected trading range for today is between 137.60 and 135.90
The expected trend for today: Bearish