The GBP/JPY pair had a volatile session, initially falling, reaching towards the 141.25 level, but then bounced from there. We reached as high as 142.50,
The GBP/JPY pair had a volatile session, initially falling, reaching towards the 141.25 level, but then bounced from there. We reached as high as 142.50, signifying just how choppy this market can be. The British pound has been very bullish in general, but this is also a very wrist sensitive market. That being the case, the market will probably follow equities, and in general looks to be bullish but I also recognize there is a gap from several sessions ago just above. Because of this, I expect a lot of choppiness over the next couple of days. As things stand right now, we are in a consolidation area.
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.
