[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday after made a clear break below 135.00, bottomed at 132.97 and closed at 134.13. The bias remains bearish in nearest term testing 132.50. Immediate resistance at 134.50. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 135.00 the intraday bias should more to the downside.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday after made a clear break below 135.00, bottomed at 132.97 and closed at 134.13. The bias remains bearish in nearest term testing 132.50. Immediate resistance at 134.50. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 135.00 the intraday bias should more to the downside.