GBP/JPY Forecast February 14, 2017, Technical Analysis

The GBP/JPY pair Tire at the open on Monday, but then not only did that, it went above the top of the shooting star from the Friday session. The market looks as if it is ready to continue going higher, so short-term pullback should be buying opportunities as the market will then reach towards the 145 region again. I believe that the 140-level underneath is going to continue to be a bit of a “floor” in the market, so I believe in going long and have no interest in shorting the market currently.

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