[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, topped at 132.96 but further upside pressure was limited and closed lower at 132.31. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase especially if price able to break above 132.96 targeting 133.75 before testing 135.03. On the downside, key support area is seen around 132.00 and the lower line of the bullish channel. Only violation to the bullish channel could be a threat to the bullish outlook.

[m.youssif]

GBPJPY Forecast
The GBPJPY attempted to push higher yesterday, topped at 132.96 but further upside pressure was limited and closed lower at 132.31. The bias is neutral in nearest term but as long as price moves inside the bullish channel we are still in bullish phase especially if price able to break above 132.96 targeting 133.75 before testing 135.03. On the downside, key support area is seen around 132.00 and the lower line of the bullish channel. Only violation to the bullish channel could be a threat to the bullish outlook.