[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure and keep moving below 128.00 indicates further bearish pressure is still potential especially if make a clear break below 127.44 targeting 126.50. On the upside, another move back above 128.00 could lead us to neutral zone in nearest term testing 128.74 but overall we are still in strong bearish scenario of the double top formation.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish pressure and keep moving below 128.00 indicates further bearish pressure is still potential especially if make a clear break below 127.44 targeting 126.50. On the upside, another move back above 128.00 could lead us to neutral zone in nearest term testing 128.74 but overall we are still in strong bearish scenario of the double top formation.