[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, slipped below 130.84 and now struggling around that area. The bias remains bearish in nearest term especially if price able to move consistently below 130.84 targeting 130.20 and 129.33. Immediate resistance at 131.50. Break above that area could lead us to neutral zone in nearest term testing 132.00. A break above 132.00 could be a serious threat to the double top bearish scenario.

[m.youssif]

GBPJPY Forecast
The GBPJPY had a significant bearish momentum yesterday, slipped below 130.84 and now struggling around that area. The bias remains bearish in nearest term especially if price able to move consistently below 130.84 targeting 130.20 and 129.33. Immediate resistance at 131.50. Break above that area could lead us to neutral zone in nearest term testing 132.00. A break above 132.00 could be a serious threat to the double top bearish scenario.