GBP/JPY Forecast October 28, 2016, Technical Analysis

The GBP/JPY pair went back and forth during the day on Thursday, ultimately forming a very neutral candle. This is a market that I believe is trying to bounce a bit but I also recognize that the 130 level above is the “ceiling.” Because of the neutral candle, I do think that we are trying to grind higher, but sooner or later we will get an exhaustive candle that we can start selling again. I have no interest in buying, and I’m simply going to wait for my opportunity to short this pair. - 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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