GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday after unable to make a clear break above 132.97 and hit 131.27 earlier today in Asian session. The bias is bearish in nearest term but we seem to have a good intraday support around 130.90 as you can see on my h4 chart below. We need a clear break below that area to continue the bearish scenario testing 130.20. A clear break below 130.20 could continue the bearish scenario testing 129.16 support area. Immediate resistance at 132.00. A clear break above that area would lead us to neutral zone in nearest term as direction would become unclear testing 132.97 but overall I still prefer a bearish scenario at this phase. 