GBP/JPY Forecast November 10, 2016, Technical Analysis

The GBP/JPY pair fell initially during the Wednesday session, but turned right back around to form a massive hammer. The hammer of course is a bullish sign, and a break above the top of the hammer should send this market even higher. I recognize that there is a lot of noise between here and the 132 level above, so it’s likely that we will continue higher but there seems to be a lot of work to do before we can actually do so. I have no interest in selling at this point due to the very bullish turnaround. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the