The GBP/JPY pair broke higher during the course of the session on Tuesday as the 158 level offered quite a bit of support. That supportive of course
The GBP/JPY pair broke higher during the course of the session on Tuesday as the 158 level offered quite a bit of support. That supportive of course lifted the market much higher, and it appears that the markets will continue to find quite a bit of bullish pressure. I believe that the 158 level below is essentially the floor”, and as a result future pullbacks should continue to find buyers in this market, and eventually we could break out to the upside. However, expect a lot of volatility, because it is very difficult to deal with all of the noise.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
