The GBPJPY forex pair has solidified its alignment with a correctional bearish bias through the attainment of fresh negative closures beneath the resistance level of 186.75. This development has triggered the initiation of bearish waves, propelling the pair towards the vicinity of 185.70.
As the stochastic indicator maintains its persistently negative momentum signals, the impetus for the correctional bearish trajectory is anticipated to intensify. This scenario leads to a continuation of expectations to shift towards bearish inclinations that converge around 184.90 and 184.10 as crucial points of interest.
The projected trading range for today is expected to span between 186.20 and 184.90, encapsulating the spectrum of potential price movements.
Expected trend for today: Bearish