The GBP/JPY pair fell during the day initially on Thursday, but continues to see quite a bit of interest at the 140 handle. Because of this, I believe
The GBP/JPY pair fell during the day initially on Thursday, but continues to see quite a bit of interest at the 140 handle. Because of this, I believe it’s only a matter of time before the buyers return. Having said that, we have a relatively negative candle that we are looking at, so I would prefer to see a supportive candle that I can get involved with. I’m still bullish, but I recognize that the British pound had a fairly rough session during the day, so we may need to settle down a bit.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
