[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bearish momentum yesterday and slipped back above 135.00 as you can see on my h4 chart below. This fact keeps the bullish scenario which started since the intervention remains intact, but as long as price stays below 139.67 we are still in consolidation phase and intraday movement can be tricky. The bias is bullish in nearest term testing 137.00. Immediate support at 135.00. Another move back below that area would lead us to neutral zone in nearest term as direction would become unclear but could reopen the door for another downside attempt testing 132.50.

[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bearish momentum yesterday and slipped back above 135.00 as you can see on my h4 chart below. This fact keeps the bullish scenario which started since the intervention remains intact, but as long as price stays below 139.67 we are still in consolidation phase and intraday movement can be tricky. The bias is bullish in nearest term testing 137.00. Immediate support at 135.00. Another move back below that area would lead us to neutral zone in nearest term as direction would become unclear but could reopen the door for another downside attempt testing 132.50.