[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday on a broad Yen weakness but so far still unable to move consistently above 129.30. The bias remains bullish in nearest term but need a clear break above 129.30 to continue the bullish scenario targeting 130.30 in nearest term even higher as my bullish reversal scenario would be validated. Immediate support at 128.50. Break below that area could lead us to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 127.50 – 126.50 support area.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bullish momentum yesterday on a broad Yen weakness but so far still unable to move consistently above 129.30. The bias remains bullish in nearest term but need a clear break above 129.30 to continue the bullish scenario targeting 130.30 in nearest term even higher as my bullish reversal scenario would be validated. Immediate support at 128.50. Break below that area could lead us to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 127.50 – 126.50 support area.