GBP/JPY Forecast July 14, 2016, Technical Analysis

The GBP/JPY pair fell slightly during the course of the session on Wednesday, as we found the top of the previous gap very resistive. However, I do think that we will probably find some type of support near the 135 level, and that could offer a nice buying opportunity. On a bounce or a supportive candle, I’m willing to go long. Am also willing to go long on a break above the top of the range from both the Tuesday and Wednesday session, as we could pick up serious steam due to the fact that there is “empty air” just above. - 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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