GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, bottomed at 131.21 but traded higher earlier today in Asian session and hit 131.92. The bias is neutral in nearest term. Potential range area between 132.97 – 130.20 but as long as price stays below 132.97 I still prefer a bearish scenario at this phase. A clear break above 132.97 would halt the current strong bearish outlook testing 134.00/25 resistance area. On the downside, a clear break below 130.20 could continue the bearish scenario testing 128.45 support area even lower. 