[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday, bottomed at 126.10 and closed at 126.62. The bias remains bearish in nearest term especially if price make another break below 126.10 targeting 125.30 area. Immediate resistance at 127.50. Break above that area could lead us to neutral zone in nearest term but the major scenario remains strongly bearish and I still prefer a bearish scenario at this phase.

[m.youssif]

GBPJPY Forecast
The GBPJPY continued its bearish momentum yesterday, bottomed at 126.10 and closed at 126.62. The bias remains bearish in nearest term especially if price make another break below 126.10 targeting 125.30 area. Immediate resistance at 127.50. Break above that area could lead us to neutral zone in nearest term but the major scenario remains strongly bearish and I still prefer a bearish scenario at this phase.