GBP/JPY Forecast June 28, 2016, Technical Analysis

The GBP/JPY pair gapped lower at the open again on Monday, and it now looks as if the markets are going to continue to show bearish pressure due to the fact that there is so much in the way of headline risk when it comes to the British pound. With this, and the fact that this is a market that is highly sensitive to risk appetite, I still believe that short-term rallies and show signs of exhaustion might be the way to go, as it offers a selling opportunity. Obviously, a break down to a fresh, new low would also be a selling opportunity. - 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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