GBP/JPY Forecast December 9, 2016, Technical Analysis

The GBP/JPY pair had a very calm session on Thursday, and thus it looks like we are going to probably roll over a little bit at this point. I think the 140 level is the massive support though, so having said that I feel the market should go lower to look for some type of supportive candle underneath and value of course. With this, the market should continue to reach towards higher levels, perhaps the 150 handle after that. I have no interest in selling this market, because there is more than enough toxicity when it comes to the Japanese yen now.

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