[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected lower on Friday, bottomed at 133.03 and closed at 133.47. The bias is neutral in nearest term but overall we are still in strong bullish phase. Immediate support at 133.00. Break below that area could trigger further bearish correction testing 132.00. On the upside, I think we need a clear break above 134.20 to continue the bullish scenario targeting 135.03 this week.

[m.youssif]

GBPJPY Forecast
The GBPJPY was corrected lower on Friday, bottomed at 133.03 and closed at 133.47. The bias is neutral in nearest term but overall we are still in strong bullish phase. Immediate support at 133.00. Break below that area could trigger further bearish correction testing 132.00. On the upside, I think we need a clear break above 134.20 to continue the bullish scenario targeting 135.03 this week.