GBP/JPY Forecast December 2, 2016, Technical Analysis

The GBP/JPY pair went back and forth during the day on Thursday, as we continue to find bullish pressure but are most certainly getting a bit overextended. Because of this, I feel that the market needs a pullback in order to find buying opportunities below that represent value. The 140 level underneath continues to be an area of interest as far as I can see, so having said that I think that the buyers will return at what was once a massive resistance barrier. Given enough time, I think were going to try to reach above the 145 level yet know.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com