GBP/JPY Forecast November 25, 2016, Technical Analysis

The GBP/JPY pair broke higher at the open on Thursday and then continued to go well above the 141 handle. This is a very bullish market, and given enough time we should continue to break out to the upside. Ultimately, this is a market that I think will continue to offer buying opportunities again and again, and should now find quite a bit of support at the 140 handle. The Japanese yen is oversold at this point against most currencies around the world, so a pullback is very likely. I will use that the inner this market to the upside though. - 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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