GBP/JPY Forecast June 17, 2016, Technical Analysis

The GBP/JPY pair fell rather significantly during the day on Thursday, but ended up bouncing after the murder of a British MP in England. This was supposedly driven in response to the Brexit vote, and as a result, traders now seem to be speculating that the EU referendum vote will be delayed. This of course is a bit of a knee-jerk reaction so waiting for exhaustive candles might be the best thing to do on short-term charts. After all, there is no reason to think that we are going to delay the vote until it’s actually sad. This is a perfect example of how fickle these currency markets can be. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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