[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant move yesterday. The bias is neutral in nearest term and there are no changes in my daily technical outlook. Overall price is still moving in a sideways condition without clear direction and consistent momentum but I think still with more upside bias especially if price able to make a clear break above 134.20 retesting 135.50. On the downside, 132.50 remains a key support area at this phase. Aggressive intraday traders can long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss.

[m.youssif]

GBPJPY Forecast
The GBPJPY didn’t make significant move yesterday. The bias is neutral in nearest term and there are no changes in my daily technical outlook. Overall price is still moving in a sideways condition without clear direction and consistent momentum but I think still with more upside bias especially if price able to make a clear break above 134.20 retesting 135.50. On the downside, 132.50 remains a key support area at this phase. Aggressive intraday traders can long around 132.50 with stop loss below 131.75 while conservative traders can long around 131.75 (the lower line of the bullish channel) with smaller stop loss.