GBP/JPY Forecast December 1, 2016, Technical Analysis

The GBP/JPY pair rose during the day and broke to a fresh, new high on Wednesday. The 140 level below continues to offer support in my estimation going forward, and I think that we continue to go much higher. However, we could get pullbacks from time to time and that should be thought of as value in what is obviously a pretty significant breakout. Because of this, I believe that the market will continue to be one that longer-term traders are attracted to but we are a bit overextended at this moment. - 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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