[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, but failed to make a break above 134.20 and whipsawed to the downside, closed at 133.19 and hit 132.80 earlier today in Asian session. This fact keeps the intraday bearish outlook intact since the breakdown below the trend line support still targeting 131.00 – 130.50 especially if price able to make another strong break below 132.50 support area where some strong buying activities were seen as you can see on my h4 chart below. Aggressive traders can long around 132.50 with a tight stop loss and reverse to a short position if price able to make a clear break below 132.50. On the upside, a clear break above 134.20 would change the intraday bias to bullish retesting 135.50 key resistance area.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, but failed to make a break above 134.20 and whipsawed to the downside, closed at 133.19 and hit 132.80 earlier today in Asian session. This fact keeps the intraday bearish outlook intact since the breakdown below the trend line support still targeting 131.00 – 130.50 especially if price able to make another strong break below 132.50 support area where some strong buying activities were seen as you can see on my h4 chart below. Aggressive traders can long around 132.50 with a tight stop loss and reverse to a short position if price able to make a clear break below 132.50. On the upside, a clear break above 134.20 would change the intraday bias to bullish retesting 135.50 key resistance area.