[m.youssif]

GBPJPY Forecast
The GBPJPY still maintain its bullish correction bias on Friday but still struggling around 129.30 key resistance area. The bias is bullish in nearest term especially if price able to move convincingly above 129.30 targeting 130.30 and could be an early signal of a bullish reversal scenario. Immediate support at 128.50 and the lower line of the bullish channel as you can see on my h1 chart below. Clear break below that area could trigger further bearish pressure testing 128.00 – 127.50 support area and could be an early signal of bearish continuation scenario testing 126.50 even lower.

[m.youssif]

GBPJPY Forecast
The GBPJPY still maintain its bullish correction bias on Friday but still struggling around 129.30 key resistance area. The bias is bullish in nearest term especially if price able to move convincingly above 129.30 targeting 130.30 and could be an early signal of a bullish reversal scenario. Immediate support at 128.50 and the lower line of the bullish channel as you can see on my h1 chart below. Clear break below that area could trigger further bearish pressure testing 128.00 – 127.50 support area and could be an early signal of bearish continuation scenario testing 126.50 even lower.