The GBP/JPY pair had a slightly positive week, as we approached the 145 level. I believe that this market will actually break out to the upside we may
The GBP/JPY pair had a slightly positive week, as we approached the 145 level. I believe that this market will actually break out to the upside we may need to pull back a little house the move has been so parabolic. Because of this, I’m going to wait see what happens with the other Japanese yen related pairs, and assess where to go from there. I think that the 140 level should be supported, so would be a nice little area to look for value inside the support that we can take advantage of.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
