GBP/JPY Forecast March 30, 2017, Technical Analysis

The GBP/JPY pair fell during the session on Wednesday, but continues to look supported underneath. I think that the 50% Fibonacci retracement level will continue to offer buying opportunities and support below. That’s not to say that this is going to be an easy bounce, but currently I prefer to step away from this pair. The British pound will see a lot of volatility in the near-term, as the Article 50 is now triggered. However, I think that it is only a matter of time before we get the opportunity to go long and take advantage of what should be a strong move to the upside. - 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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