[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, topped at 137.19 but closed lower at 136.27 and hit 135.51 earlier today in Asian session. The bias is bearish in nearest term still targeting 135.00. A clear break below 135.00 could be a threat to the bullish scenario and could be a beginning of a new bearish phase at least testing 133.50. Immediate resistance at 136.40. A clear break above that area would lead us to neutral zone in nearest term 137.19/50 resistance area.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, topped at 137.19 but closed lower at 136.27 and hit 135.51 earlier today in Asian session. The bias is bearish in nearest term still targeting 135.00. A clear break below 135.00 could be a threat to the bullish scenario and could be a beginning of a new bearish phase at least testing 133.50. Immediate resistance at 136.40. A clear break above that area would lead us to neutral zone in nearest term 137.19/50 resistance area.