GBP/JPY Forecast March 28, 2017, Technical Analysis

The GBP/JPY pair bounced during the day on Monday, as we reach towards the 140 handle. Ultimately, I believe that the market will find resistance at the 141 handle, and a break above there would be a very strong signal to start buying. Ultimately, I believe that this market continues to find buyers, especially considering that the British pound itself looks relatively strong. The Article 50 being triggered will be a significant driver of volatility, so be aware of the fact that the markets could be relatively difficult to navigate but given enough time I feel that the buyers will take over.

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