[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday, bottomed at 135.27 but whipsawed to the upside and closed higher at 136.93. The pair was traded lower at the time I wrote this comment around 135.90, change my intraday bias back to bearish still targeting 135.00. Overall price still trapped in range area of 139.67 – 135.00 and a clear break below 135.00 would lead us to a new bearish outlook at least testing 133.50. On the upside, immediate resistance at 136.30. A clear break above that area would lead us to neutral zone in nearest term testing 137.00/50 resistance area.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push lower yesterday, bottomed at 135.27 but whipsawed to the upside and closed higher at 136.93. The pair was traded lower at the time I wrote this comment around 135.90, change my intraday bias back to bearish still targeting 135.00. Overall price still trapped in range area of 139.67 – 135.00 and a clear break below 135.00 would lead us to a new bearish outlook at least testing 133.50. On the upside, immediate resistance at 136.30. A clear break above that area would lead us to neutral zone in nearest term testing 137.00/50 resistance area.