GBP/JPY Forecast September 1, 2016, Technical Analysis

The GBP/JPY pair broke higher during the course of the session on Wednesday, clearing the 135 level. With this being the case, the market should continue to grind its way higher, perhaps reaching towards the 140 level. On the other hand, if we break down below the bottom of the candle for the session on Wednesday, I feel that the market will probably continue to go lower. Regardless, you can anticipate quite a bit of volatility in this market over the next several sessions as we await the jobs number out of America.

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