GBP/JPY Forecast December 19, 2016, Technical Analysis

The GBP/JPY pair had a slightly volatile session on Friday, as we continue to hang about the 147 handle. I believe that there is more support just below, and a pullback to the 145 level is probably going to happen. Quite frankly, this market needs to pull back, and that should be a value proposition for traders out there as they look to get involved in a runaway market. Below there we have the 140 handle which should also be massively supportive. I have no interest in selling, and believe that the 150 level is about to be targeted.