GBP/JPY Forecast April 21, 2017, Technical Analysis

In this show of strength, the GBP/JPY pair rally during the Thursday session, breaking above the top of the shooting star from the Wednesday session. If we can clear the 141 level, this market could go much higher. In fact, I think it would be a trend change and it looks likely that’s what’s about to happen. Short-term pullback should be buying opportunities, and I have no interest in selling a market that has clearly shown it wants to go much higher. Longer-term, we could be looking at a move towards the 143 handle. - 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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