[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday after break below the bullish channel and now seems ready to test 132.97 support area as you can see on my h4 chart below. A clear break below that area could trigger further bearish pressure testing 131.93 even lower. Immediate resistance at 134.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price moves below 135.00 the overall intraday bias should remain more to the downside.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday after break below the bullish channel and now seems ready to test 132.97 support area as you can see on my h4 chart below. A clear break below that area could trigger further bearish pressure testing 131.93 even lower. Immediate resistance at 134.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price moves below 135.00 the overall intraday bias should remain more to the downside.