[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias, but still unable to make a clear break below 127.44 so far. The bias remains bearish in nearest term with 126.50 as the nearest target. However note that we are entering the end of the year where some upside consolidation may occur. Expected range for the remaining days of 2010 between 128.75 – 126.50.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish bias, but still unable to make a clear break below 127.44 so far. The bias remains bearish in nearest term with 126.50 as the nearest target. However note that we are entering the end of the year where some upside consolidation may occur. Expected range for the remaining days of 2010 between 128.75 – 126.50.