GBP/JPY Forecast September 4, 2017, Technical Analysis

The British pound initially fell against the Japanese yen, and then shot higher. The fact that we have made a fresh, new high tells me that this market is ready to go higher longer-term. I believe that we are going to go looking towards the 145 handle above, which of course is a psychologically significant number. I think that short-term pullbacks will be buying opportunities, as there seems to be more than enough bullish pressure underneath. Pay attention to the stock markets and other risk assets, as they have an influence on this market as it is highly correlated to risk appetite in general.

GBP/JPY  Video 04.9.17