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GBP/JPY Forecast September 14, 2017, Technical Analysis
Updated: Sep 14, 2017, 07:35 GMT+00:00
The British pound had a slightly negative session against the Japanese yen on Wednesday, as we may go looking for support below. I suspect we will find it
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The British pound had a slightly negative session against the Japanese yen on Wednesday, as we may go looking for support below. I suspect we will find it somewhere near the 146 or possibly the 145 handle. Because of this, I’m looking at is short-term pullback as a potential buying opportunity in this market. Given enough time, we should continue to go much higher, but I recognize that there could be a bit of volatility. A break above the 146.65 handle would also be a very bullish sign. If we break down below the 144 handle, then I think the market falls apart.
GBP/JPY Video 14.9.17
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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