[m.youssif]

GBPJPY Forecast
The GBPJPY made another indecisive movement yesterday, made another Doji on daily chart and still struggling around 135.00 area. There are no changes in my daily technical outlook. The bias remains neutral in nearest term. CCI still moves below zero level on daily chart suggests more bearish intraday bias but need a movement below -100 to continue the bearish pressure testing 132.50. Immediate support to be tested is around 133.75/50. A clear break below that area would trigger further bearish pressure testing 132.50 even lower. The overall technical bias remains to the downside but a strong Yen appreciation could trigger another intervention to weaken the Yen. Immediate resistance at 135.80. A clear break above that area would change the intraday bias to bullish testing 137.00 resistance area. Today some markets are closed on Good Friday.

[m.youssif]

GBPJPY Forecast
The GBPJPY made another indecisive movement yesterday, made another Doji on daily chart and still struggling around 135.00 area. There are no changes in my daily technical outlook. The bias remains neutral in nearest term. CCI still moves below zero level on daily chart suggests more bearish intraday bias but need a movement below -100 to continue the bearish pressure testing 132.50. Immediate support to be tested is around 133.75/50. A clear break below that area would trigger further bearish pressure testing 132.50 even lower. The overall technical bias remains to the downside but a strong Yen appreciation could trigger another intervention to weaken the Yen. Immediate resistance at 135.80. A clear break above that area would change the intraday bias to bullish testing 137.00 resistance area. Today some markets are closed on Good Friday.