GBP/JPY Forecast March 17, 2017, Technical Analysis

The GBP/JPY pair initially fell on Thursday found enough support near the 130.50 level to turn around forever. Because of this, I think we are trying to form a bit of a bottom, and if we can break above the top of the shootings are from the Wednesday session, we are free to go to the 142 handle. A breakdown below the 138 levels would be negative, but at this point I do believe that the Japanese yen will continue to be sold off overall, and that should translate into higher rates here. - 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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