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GBP/JPY Forecast September 8, 2017, Technical Analysis
Updated: Sep 8, 2017, 04:23 GMT+00:00
The British pound has been volatile on Thursday, as we reached higher to try and fill the gap from several sessions ago. We have since sold off, as the
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The British pound has been volatile on Thursday, as we reached higher to try and fill the gap from several sessions ago. We have since sold off, as the Japanese yen has been strengthening overall. If we break down below the 142 handle, the market should go looking towards the 141.50 level. If we managed to turn around and break above the 143 level, that would be an extraordinarily bullish sign. However, it looks as if we are going to roll over in the short term. Because of this, I am a bit bearish but not willing to place a longer-term trade currently.
GBP/JPY Video 08.9.17
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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