GBP/JPY Forecast March 13, 2017, Technical Analysis

The GBP/JPY pair broke above the 140 handle, but turned around on Friday to show signs of resistance. Because of this, I believe that the market is currently consolidating, and will continue to do so. Because of that, I’m not necessarily interested in trading this market but if I did it would be to the upside on a break out. The Japanese yen is selling off against most currencies, and the British pound won’t be any different, but ultimately this is a market that is being held down by the British pound itself. Because of this, it’s one of my least favorite trades. - 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.

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