GBP/JPY Forecast April 19, 2017, Technical Analysis

The GBP/JPY pair initially fell during the day on Tuesday but found bullish pressure in shot straight through the sky. Because of this, looks as if we are going to reach towards the 140 level, as the market has seen so much in the way of a turn around. I have no interest in shorting, and I believe the pullbacks will be buying opportunities over the next couple of sessions. If we can break above the 141 handle, this market could turn around completely. In the meantime, expect choppiness but a significant bias to the upside.