[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher on Friday, topped at 135.15 but whipsawed to the downside, back below 134.20 and hit 133.46 earlier today in Asian session. The bias is bearish in nearest term testing 132.50 but my medium term outlook remains neutral as price still move in a sideways condition. On the upside, another move above 134.20 would change the intraday bias to bullish but only a clear break above 135.50 strong/key resistance area would lead us to a new bullish phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher on Friday, topped at 135.15 but whipsawed to the downside, back below 134.20 and hit 133.46 earlier today in Asian session. The bias is bearish in nearest term testing 132.50 but my medium term outlook remains neutral as price still move in a sideways condition. On the upside, another move above 134.20 would change the intraday bias to bullish but only a clear break above 135.50 strong/key resistance area would lead us to a new bullish phase.