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GBP/JPY Forecast September 13, 2017, Technical Analysis
Updated: Sep 13, 2017, 03:50 GMT+00:00
The British pound broke higher on Tuesday, clearing the 145 handle. This is a very bullish turn of events, and I think that the market may continue to go
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The British pound broke higher on Tuesday, clearing the 145 handle. This is a very bullish turn of events, and I think that the market may continue to go higher. Because of this, I look at the 145 level underneath as being support, and essentially a “floor” in the market going forward. I think that short-term pullbacks are buying opportunities, as this pair should continue to rally. We are bit overextended though, so keep that in mind. Also, this pair tends to be very sensitive to risk appetite, so she and also keep that in mind.
GBP/JPY Video 13.9.17
About the Author
Christopher LewisSenior Analyst
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.
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