GBP/JPY Forecast June 21, 2016, Technical Analysis

The GBP/JPY pair went back and forth during the course of the day on Monday, after initially gapping higher. With that being the case, looks like we are finding a bit here, and if we can break above the top of the range for the Monday session, the market should continue to go towards the 158 level. On the other hand, there is quite a bit of bearish pressure, so we could very well find ourselves falling and at this point in time I would be a seller below the 150 level as it would be a very negative sign.