GBP/JPY Forecast April 27, 2017, Technical Analysis

The British pound has broken above the 143 level against the Japanese yen as we continue to shoot straight up in the air. This is one of my favorite markets now, and I believe that short-term pullbacks will continue to offer buying opportunities. Currently, I’m targeting the 145 area, as it is a significant amount of resistance. I believe that the market has broken out to the upside for a longer-term move, so I have no interest in shorting whatsoever. One of my most favorite currencies in the world right now is the British pound.

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