GBP/JPY Forecast November 8, 2016, Technical Analysis

The GBP/JPY pair banged into the 130 level during the day on Monday, an area that has been massively resistive. If we can break above here we still have that you all the way through the 132 handle, so it’s likely that we are going to struggle to go higher from here. A pullback could offer a nice selling opportunity, mainly because of the overall longer-term trend. After all, this pair tends to be very risk averse and as a result it makes quite a bit of sense that it might struggle today during the US presidential election. - 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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