GBP/JPY Forecast April 18, 2017, Technical Analysis

The British pound initially fell against the Japanese yen on Monday but turned around to form a hammer. Because of this, looks as if we are going to try and bounce, but we are most certainly in a downtrend and have certainly seen a breakthrough of resistance recently. Because of this, I’m waiting to see and exhaustive candle that I can start selling. I have no interest in buying currently, and I would also be a seller on a breakdown below the bottom of the daily candle for the Monday session. With this, I remain bearish. - 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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