[m.youssif]

GBPJPY Forecast
The GBPJPY also had a bearish momentum yesterday, bottomed at 130.53 and hit 130.29 earlier today in Asian session. On h4 chart below we have a V-Top formation indicates potential bearish reversal scenario and a serious threat to the bullish outlook. The bias is bearish in nearest term targeting 129.82 – 129.00. Immediate resistance at 131.00. Break above that area could trigger further bullish momentum testing 132.00 and keep the bullish outlook intact.

[m.youssif]

GBPJPY Forecast
The GBPJPY also had a bearish momentum yesterday, bottomed at 130.53 and hit 130.29 earlier today in Asian session. On h4 chart below we have a V-Top formation indicates potential bearish reversal scenario and a serious threat to the bullish outlook. The bias is bearish in nearest term targeting 129.82 – 129.00. Immediate resistance at 131.00. Break above that area could trigger further bullish momentum testing 132.00 and keep the bullish outlook intact.