GBP/JPY Forecast December 12, 2016, Technical Analysis

The GBP/JPY pair rally during the course of the day on Friday, as we continue to reach towards the 145 handle. If we can break above there, the market should continue to go higher. I believe that pullbacks have a good chance of finding support at the 140 handle below. I think given enough time, pullbacks will represent value the people would  liked to see in order to go higher. I think that the market would then reach towards the 150 handle above, and that of course is my target. I have no interest whatsoever in selling. - 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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