The GBPJPY pair confirmed its surrender to the domination of the correctional bearish bias by settling below 164.60 barrier, to notice forming strong negative waves and achieve many targets by touching 161.45.
We notice stochastic exit from the oversold areas, to decrease the negative pressures and provide chances to form some sideways fluctuation before reaching the additional negative stations that might start at 160.85 and 159.95.
The expected trading range for today is between 163.30 and 161.80
The expected trend for today: Bearish