[m.youssif]

GBPJPY Forecast
The GBPJPY also slipped above the bearish channel earlier today in Asian session as you can see on my h4 chart below. This fact suggests a serious threat to the bearish outlook especially if price able to consistently move above the bearish channel and 129.91 testing 131.00. Immediate support at 128.98 (current low). Break below that area would keep the major bearish scenario intact testing 128.00 – 127.62 support area.

[m.youssif]

GBPJPY Forecast
The GBPJPY also slipped above the bearish channel earlier today in Asian session as you can see on my h4 chart below. This fact suggests a serious threat to the bearish outlook especially if price able to consistently move above the bearish channel and 129.91 testing 131.00. Immediate support at 128.98 (current low). Break below that area would keep the major bearish scenario intact testing 128.00 – 127.62 support area.