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.

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