The GBP/JPY pair initially tried to rally during the week but turned around to form a shooting star. The shooting star sits on top of the vital 140 level,
The GBP/JPY pair initially tried to rally during the week but turned around to form a shooting star. The shooting star sits on top of the vital 140 level, so having said that I think that it’s only a matter of time before we should make a decision. If we can break down below the 140 level, we will then reach towards the 138 handle. Alternately, if we can break above the top of the shooting star, this pair will then reach towards the 145 handle above.
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.
