The GBPJPY pair has no escape to start the correctional bearish trades, due to its frequent stability below 142.50 resistance, in addition to stochastic negative momentum signals.
Therefore, we will keep our correctional bearish overview, reminding you that it is important to crawl below 141.00 level to open the way to achieve more targets, located near 140.35 and 139.40 levels.
The expected trading range for today is between 142.10 and 140.35
The expected trend for today: Bearish