[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday, topped at 131.12 and closed at 130.71. Although market is likely to remain highly volatile, this fact gives further validation to the bullish reversal scenario targeting 133.00 resistance area. Immediate support at 130.30. Break below that area could lead us to neutral zone in nearest term testing 129.30 but I still prefer a bullish scenario at this phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday, topped at 131.12 and closed at 130.71. Although market is likely to remain highly volatile, this fact gives further validation to the bullish reversal scenario targeting 133.00 resistance area. Immediate support at 130.30. Break below that area could lead us to neutral zone in nearest term testing 129.30 but I still prefer a bullish scenario at this phase.