GBPJPY Forecast
The GBPJPY continued its bearish momentum on Friday but bounced a little bit higher earlier today in Asian session and hit 131.18 after found a support around 130.20. The bias is neutral in nearest term and price also still trapped in a range area. I still prefer a bearish scenario but need a clear break below 130.20 to continue the bearish pressure testing 127.77. Immediate resistance at 131.55 followed by 132.30.
