[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, bottomed at 132.17 and closed at 132.43. The bias is bearish in nearest term especially if break below 132.00 targeting 131.00 and the lower line of the bullish channel but note that as long as price moves inside the bullish channel the major scenario remains to the upside. Immediate resistance at 132.60. Break above that area could trigger further upside pressure testing 133.00 – 133.60.

[m.youssif]

GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, bottomed at 132.17 and closed at 132.43. The bias is bearish in nearest term especially if break below 132.00 targeting 131.00 and the lower line of the bullish channel but note that as long as price moves inside the bullish channel the major scenario remains to the upside. Immediate resistance at 132.60. Break above that area could trigger further upside pressure testing 133.00 – 133.60.