GBP/JPY Forecast July 3, 2017, Technical Analysis

The British pound went sideways initially during the day on Friday, and then dropped to test the 145 handle. This is an area that I think will attract some support, so I believe that and impulsive candle is reason enough to go long. Alternately, we were down below here, I think the 143.50 level will be supportive as well. I have no interest in shorting this market, we have seen a Renaissance when it comes to the buying of the British pound. This will be especially obvious when it comes to trading against the Japanese yen.