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GBP/JPY Forecast September 5, 2017, Technical Analysis
Updated: Sep 5, 2017, 03:52 GMT+00:00
The British pound gapped lower at the open on Monday, bounced a bit, and then rolled over again. I think there is a certain amount of support near the
The British pound gapped lower at the open on Monday, bounced a bit, and then rolled over again. I think there is a certain amount of support near the 141.50 level, but a break down below that level census market looking towards the 140 handle. On the other hand, if we can break above the top of the gap from the open on Monday, that would be a very bullish sign. This is a very risk sensitive market, so pay attention to stock markets in general, as this market will follow the overall attitude of them.
GBP/JPY Video 05.9.17
About the Author
Christopher Lewisauthor
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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