GBP/JPY Forecast November 11, 2016, Technical Analysis

The GBP/JPY pair initially fell on Thursday but found the 130 level to be supportive enough to cause a massive bounce. We have broken above the 132 handle now, and it now looks as if we are trying to grind our way to the 140 handle. With this being the case, I believe that it’s only a matter of time before we get there, but short-term pullbacks might be needed to go long as the market has a lot of noise between here and that region. I believe that the 130 level should now be the floor. - 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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