[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bearish pressure yesterday and bounced higher hit 133.68 earlier today. The bias is neutral in nearest term with potential daily range to be watched between 134.20 – 132.50. While we need a clear break on either side to see clearer direction, aggressive intraday traders can short around 134.20 or long around 132.50 with a tight stop loss. A clear break above 134.20 would trigger further upside pressure testing 135.50 while a clear break below 132.50 would trigger further bearish pressure testing 131.00 – 130.50.

[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bearish pressure yesterday and bounced higher hit 133.68 earlier today. The bias is neutral in nearest term with potential daily range to be watched between 134.20 – 132.50. While we need a clear break on either side to see clearer direction, aggressive intraday traders can short around 134.20 or long around 132.50 with a tight stop loss. A clear break above 134.20 would trigger further upside pressure testing 135.50 while a clear break below 132.50 would trigger further bearish pressure testing 131.00 – 130.50.