Overview
The GBP/JPY pair provided a new negative close below 133.90 to confirm the influence by the bearish bias domination. Please be aware of the attempt to form new negative waves by consolidating around 132.00 level, which allows us to wait until the next support at 132.10 is hit. It is essential to monitor the price behavior due to the importance of this level to detect the upcoming targets. Note that the continuation of the negative pressure and attempts to break the targeted support will open the way to record more negative targets that might extend towards 130.10 followed by 129.70 in the short run. The expected trading range for today is between 133.80 and 132.10
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