GBP/JPY Forecast November 18, 2016, Technical Analysis

The GBP/JPY pair rallied on Thursday as we continue to push against the resistance above. I think that the market will try to continue to grind higher, but we are bit overextended so it’s probably going to have to pullback several times in short-term charts to continue. I have no interest in selling though, because the explosive move to the upside certainly shows quite a bit of bullish pressure. Ultimately, I think that this market will probably reach towards the 140 handle over the longer term. However, the easy part of the move has already happened. - 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