[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, slipped below 138.10 but bounced to the upside and hit 139.63 earlier today in Asian session. On h1 chart below we can see price is moving in range area of 139.67 – 138.10 indicates consolidation after bullish run. I believe upside breakout is imminent testing 142.00 and 145.95. Immediate support at 139.00. A clear break below that area would lead us to neutral zone in nearest term retesting 138.10 but overall I still prefer a bullish scenario at this phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, slipped below 138.10 but bounced to the upside and hit 139.63 earlier today in Asian session. On h1 chart below we can see price is moving in range area of 139.67 – 138.10 indicates consolidation after bullish run. I believe upside breakout is imminent testing 142.00 and 145.95. Immediate support at 139.00. A clear break below that area would lead us to neutral zone in nearest term retesting 138.10 but overall I still prefer a bullish scenario at this phase.