[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday and now testing 134.20 resistance area as you can see on my h4 chart below. The bias is bullish in nearest term but note that price still trapped between 134.20 – 132.50 and aggressive intraday traders can still short around 134.20 with tight stop loss. A clear break above 134.20 would trigger further upside momentum targeting 135.50. Immediate support at 133.20. A clear break below that area would change the intraday bias to neutral testing 132.50 and only a clear break below 132.50 would change the intraday bias to bearish. Aggressive intraday traders can still long around 132.50 with tight stop loss.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday and now testing 134.20 resistance area as you can see on my h4 chart below. The bias is bullish in nearest term but note that price still trapped between 134.20 – 132.50 and aggressive intraday traders can still short around 134.20 with tight stop loss. A clear break above 134.20 would trigger further upside momentum targeting 135.50. Immediate support at 133.20. A clear break below that area would change the intraday bias to neutral testing 132.50 and only a clear break below 132.50 would change the intraday bias to bearish. Aggressive intraday traders can still long around 132.50 with tight stop loss.