[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday and hit 139.67 earlier today in Asian session. The bias is bullish in nearest term testing 140.56. On weekly chart below we can see price is now struggling around a key resistance at 139.50 after made a strong breakout above 135.17. A consistent move above 139.50 would continue the bullish scenario which triggered by the intervention testing 145.95 from a longer term outlook. Immediate support at 138.90. A clear break below that area would lead us to neutral zone in nearest term testing 138.00 – 137.77 support area but overall I prefer a bullish scenario at this phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday and hit 139.67 earlier today in Asian session. The bias is bullish in nearest term testing 140.56. On weekly chart below we can see price is now struggling around a key resistance at 139.50 after made a strong breakout above 135.17. A consistent move above 139.50 would continue the bullish scenario which triggered by the intervention testing 145.95 from a longer term outlook. Immediate support at 138.90. A clear break below that area would lead us to neutral zone in nearest term testing 138.00 – 137.77 support area but overall I prefer a bullish scenario at this phase.