[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, break below the bullish channel as you can see on my h4 chart below. This fact should be considered as bullish failure and potential new bearish phase. The bias is bearish in nearest term especially if price able to make another strong break below 130.84 targeting 129.83. Immediate resistance at 132.00. Break above that area could lead us to neutral zone in nearest term testing 133.00 and activates my wait and see mode.

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, break below the bullish channel as you can see on my h4 chart below. This fact should be considered as bullish failure and potential new bearish phase. The bias is bearish in nearest term especially if price able to make another strong break below 130.84 targeting 129.83. Immediate resistance at 132.00. Break above that area could lead us to neutral zone in nearest term testing 133.00 and activates my wait and see mode.