The GBPJPY pair formed strong negative attack yesterday to surpass the waited targets and face additional support at 134.88, forcing it to form correctional bullish rebound and settles near 135.80.
Note that the price stability within the bearish channel in addition to the stability of 136.70 resistance line confirms the price preparation to gather the negative momentum, to manage to renew the negative attempts until crawling below 134.88 and reach the next negative target at 133.95.
The expected trading range for today is between 136.60 and 134.90
The expected trend for today: Bearish