GBP/JPY Forecast September 1, 2017, Technical Analysis

The GBP/JPY pair fell significantly during the day on Thursday, testing the previous uptrend line that had been resistive. If it holds of support, that’s a very bullish sign, and should send this market much higher. Keep in mind that this pair tends to be very sensitive to risk appetite, so a lot of the reaction could be due to the jobs number out of the United States. Because of this, I think that trading this market before the announcement will be difficult, if not absolutely dangerous. Ultimately, it looks as if any signs of bullishness in the markets overall should send this market higher.

GBP/JPY  Video 01.9.17