GBPJPY Forecast
The GBPJPY was volatile but indecisive yesterday, made a Doji on daily chart. Price attempted to push higher, broke above 132.97, but whipsawed to the downside after found resistance around 134.00. The bias remains neutral in nearest term as direction still unclear and my wait and see mode is now activated. Immediate support at 132.40. A clear break below that area would change the intraday bias to bearish testing 131.80 and reopen the door for another downside scenario testing 130.20. On the upside, a clear break above 134.00/25 could trigger further bullish momentum testing 135.00.
