[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday, formed a Doji on daily chart. The bias is neutral in nearest term. On the upside, a clear break above 132.00 could trigger further bullish momentum targeting 133.00 and could be a threat to my bearish medium term bias which started after the violation to the bullish channel. Immediate support at 131.35 (yesterday’s low). Break below that area could trigger further bearish pressure testing 130.84 but we need a clear break below 130.84 to continue the bearish scenario targeting 129.83 even lower.

[m.youssif]

GBPJPY Forecast
The GBPJPY was indecisive yesterday, formed a Doji on daily chart. The bias is neutral in nearest term. On the upside, a clear break above 132.00 could trigger further bullish momentum targeting 133.00 and could be a threat to my bearish medium term bias which started after the violation to the bullish channel. Immediate support at 131.35 (yesterday’s low). Break below that area could trigger further bearish pressure testing 130.84 but we need a clear break below 130.84 to continue the bearish scenario targeting 129.83 even lower.