[m.youssif]

GBPJPY Forecast
The GBPJPY made a significant bullish correction yesterday, topped at 131.59 and closed at 131.32. The bias is bullish in nearest term testing 132.00 but overall we are still in a major bearish scenario and any upside momentum now is still considered as counter trend move. However, a break above 132.00 could be a threat to the bearish outlook. Immediate support at 130.84. A movement back below that area could trigger further bearish pressure testing 129.83 and keep the bearish outlook remains strong.

[m.youssif]

GBPJPY Forecast
The GBPJPY made a significant bullish correction yesterday, topped at 131.59 and closed at 131.32. The bias is bullish in nearest term testing 132.00 but overall we are still in a major bearish scenario and any upside momentum now is still considered as counter trend move. However, a break above 132.00 could be a threat to the bearish outlook. Immediate support at 130.84. A movement back below that area could trigger further bearish pressure testing 129.83 and keep the bearish outlook remains strong.