[m.youssif]

GBPJPY Forecast
The GBPJPY had a bullish momentum yesterday and now testing 134.20 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 134.20 retesting 135.50 key resistance area but the bullish continuation scenario would have further validation only by a clear break above 135.50 which would reactivate my bullish mode. On the downside, immediate resistance at 133.50 followed by 132.50. 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 had a bullish momentum yesterday and now testing 134.20 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 134.20 retesting 135.50 key resistance area but the bullish continuation scenario would have further validation only by a clear break above 135.50 which would reactivate my bullish mode. On the downside, immediate resistance at 133.50 followed by 132.50. 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.