GBP/JPY Forecast April 24, 2017, Technical Analysis

The GBP/JPY pair found the 140 level to be overly resistive, so we pulled back. At this point, I believe a break above the 141 level is the next sign that we are going higher over the longer term. Either way, I don’t have any interest in shorting this market as we have seen such a massive moved to the upside. A break above the 141 level should send this market looking for the 143 handle. I believe that the 139 level below should be supportive as well. Either way, it’s going to be choppy

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