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.

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