GBPJPY 1D | Market Outlook

- As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal.
- Initial bias stays on the downside this week for 61.8% retracement at 131.900. On the upside, above 136.58 minor resistance will turn bias neutral and bring consolidations, before another fall.