GBP/JPY Forecast December 26, 2016, Technical Analysis

The GBP/JPY pair fell slightly on Friday, testing the 143.50 region. I think there is a significant amount of support at the 143 level, and even more so with the 140 level. So, given enough time I feel that the buyers will return and I’m waiting to see a supportive candle underneath to take advantage of what is an obvious uptrend. I have no interest whatsoever in selling, and will simply be patient with this market, waiting for reasons to start going long as the Japanese and continues to get pummeled over the longer-term.