GBP/JPY Forecast June 7, 2016, Technical Analysis

The GBP/JPY pair initially gapped lower at the open on Monday, but then we turn right back around to close that gap. That’s a very strong sign, and if we can break above the top of the range during the course of the session on Monday, the market could continue to go higher. At this point in time, it is likely that we will continue to see volatility in this market, as the United Kingdom voting whether or not it wants to stay in the European Union will continue to be the main driver anything with the GBP involved in it.