GBPJPY Daily Forecast

The GBPJPY was corrected lower yesterday and continue traded lower earlier today in Asian market around 158.00 at the time I wrote this comment. On h4 chart below we can see that the bullish trendline has been violated to the downside indicating potential bearish outlook in nearest term targeting 156.60. Immediate resistance is seen at 158.50 followed by 159.50. CCI just cross the 100 line down on daily chart suggesting potential downside pressure.