[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bullish correction yesterday, bottomed at 130.18 and closed at 130.50. On h4 chart below we can see price is now testing the lower line of the bullish channel. A violation to the bullish channel could end the bearish correction phase testing 129.83 even 128.90. Immediate resistance at 130.84. Break above that area would keep the bullish correction scenario intact testing 132.00.

[m.youssif]

GBPJPY Forecast
The GBPJPY failed to continue its bullish correction yesterday, bottomed at 130.18 and closed at 130.50. On h4 chart below we can see price is now testing the lower line of the bullish channel. A violation to the bullish channel could end the bearish correction phase testing 129.83 even 128.90. Immediate resistance at 130.84. Break above that area would keep the bullish correction scenario intact testing 132.00.