[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, slipped above 134.00 but whipsawed to the downside, closed at 132.87 and now struggling around 132.97 support area as you can see on my h4 chart below. The bias remains bearish in nearest term especially if price able to move consistently below 132.97 targeting 130.20 support area. Immediate resistance remains around 134.00. A clear break above that area would lead us to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, slipped above 134.00 but whipsawed to the downside, closed at 132.87 and now struggling around 132.97 support area as you can see on my h4 chart below. The bias remains bearish in nearest term especially if price able to move consistently below 132.97 targeting 130.20 support area. Immediate resistance remains around 134.00. A clear break above that area would lead us to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.