GBP/JPY Forecast June 23, 2016, Technical Analysis

The GBP/JPY pair went back and forth during the day on Wednesday, showing quite a bit of volatility in it appears that the market is going to continue to be very jittery as we await the results of the EU referendum vote coming out of the United Kingdom. With this, the GBP/USD pair would be very volatile as it is very volatile naturally. I think if we can break above the top of the range for the day we could very well reach towards the 158 level, but if we break down below the bottom of the same range, we could drop all the way down to the 150 level. Regardless, expect headlines and exit polls to move this pair.