[m.youssif]

GBPJPY Forecast
The GBPJPY had a strong bullish momentum yesterday after a strong break above 135.00 and 135.90, hit 137.03 earlier today in Asian session. The bias is bullish in nearest term targeting 137.88 even testing 139.67 especially if price able to make another strong break above 137.00. Note that 137.00 could be a good resistance at this phase and some minor downside pullback might take place but overall my intraday outlook has change to a bullish view as long as price stays above 135.90. A clear break below 135.90 would lead us to neutral zone in nearest term as direction would become unclear.

[m.youssif]

GBPJPY Forecast
The GBPJPY had a strong bullish momentum yesterday after a strong break above 135.00 and 135.90, hit 137.03 earlier today in Asian session. The bias is bullish in nearest term targeting 137.88 even testing 139.67 especially if price able to make another strong break above 137.00. Note that 137.00 could be a good resistance at this phase and some minor downside pullback might take place but overall my intraday outlook has change to a bullish view as long as price stays above 135.90. A clear break below 135.90 would lead us to neutral zone in nearest term as direction would become unclear.