The GBPJPY pair faces a new barrier in the last trading, to bounce from 130.65 level, to begin forming a negative trading as appears in the above image, which confirms delaying the bullish correctional attempts, to increase the chances for targeting several negative levels that begin at 128.00 and 126.50.
Stochastic sharp decline and its attempt to settle below 50 level supports the negative fluctuation by providing a new negative momentum, to ease the mission for renewing the negative attack until achieving the suggested targets.
The expected trading range for today is between 130.60 and 128.00
The expected trend for today: Bearish