GBP/JPY Forecast December 23, 2016, Technical Analysis

The British pound fell against the Japanese yen during the day on Thursday, as we pull back and try to find some type of value. This market could drop all the way down to the 140 handle and still be in a very strong uptrend as far as I can see, so now I’m very patiently waiting for some type a supportive candle to take advantage of a buying opportunity and a very strong uptrend. I have no interest in selling, and believe that given enough time we will reach towards the 150 handle.