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.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com