GBP/JPY Forecast August 1, 2016, Technical Analysis

The GBP/JPY pair initially tried to rally during the course of the session on Friday, but turn right back around to slam into the 135 handle. That’s an area that had been previously supportive, and as a result it should be now. However, if we break down below the 135 level it’s likely that we will continue to drop from there. Any type of supportive candle or a bouncer here could be a buying opportunity for the short-term, but I only believe to roughly the 141 handle. With this, expect a lot of volatility in this market. - 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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