The GBP/JPY pair went back and forth during the course of the week, forming a fairly neutral candle. The 125 level below continues to offer support, as
The GBP/JPY pair went back and forth during the course of the week, forming a fairly neutral candle. The 125 level below continues to offer support, as the 130 level of course offers resistance. Ultimately, this is a market that goes back and forth as we end up forming a bit of a grind and really aren’t going anywhere. The markets continue to be one that you probably have to deal with on a short-term chart, so this point in time until we break out of this range, I am sticking to daily or lower time frames.
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.
