GBP/JPY Forecast December 13, 2016, Technical Analysis

The GBP/JPY pair rallied a bit during the day on Monday as we continue to see bullish pressure. There is a lot in the way of noise just below, so I think there is plenty of support. I believe pullbacks continue to offer buying opportunities, as the Japanese yen is being sold off against almost everything in the world. While I’m not necessarily excited about the British pound, I recognize that this pair is simply doing the same thing that other yen related pairs are doing so therefore it makes quite a bit of sense that we continue to rise. - 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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