[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure earlier today in Asian session slipped below 135.00 support area. The bias remains bearish in nearest term especially is price able to make a clear break below 135.00 at least testing 133.50 – 132.50 support area. Immediate resistance at 135.70/80. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 137.00/50 my intraday technical bias is more to the downside. CCI in negative territory on h4 chart suggests downside pressure.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure earlier today in Asian session slipped below 135.00 support area. The bias remains bearish in nearest term especially is price able to make a clear break below 135.00 at least testing 133.50 – 132.50 support area. Immediate resistance at 135.70/80. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 137.00/50 my intraday technical bias is more to the downside. CCI in negative territory on h4 chart suggests downside pressure.