The GBP/JPY currency pair exhibited corrective bullish attempts yesterday, testing the resistance barrier at 187.15 before beginning to decline. Currently, the pair is consolidating around the 186.00 level.
These developments reinforce the previously suggested bearish outlook, highlighting the need for additional negative momentum to facilitate a decline towards the target levels of 185.20 and 184.40.
The expected trading range for today is between 184.40 and 187.00.
Trend Forecast: Bearish
Related topics: