GBP/JPY Forecast November 3, 2016, Technical Analysis

The GBP/JPY pair fell slightly during the course of the day on Wednesday, but as you can see we continue to go sideways overall. I do believe that we are still very negative in this market over the longer term, but I prefer to see short-term rallies in order to sell. I do think that it is quite a bit of a tall order to break down below the 125 handle, but I think given enough time we well. The 130 level above continues to be massively resistive and as a result I think the bearish pressure continues. - 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