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.
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.
