The GBP/JPY pair initially gap lower, but then turned around to form a very bullish candle. The bullish candle of course signifies that the selling of the
The GBP/JPY pair initially gap lower, but then turned around to form a very bullish candle. The bullish candle of course signifies that the selling of the Japanese yen should continue, and a break above the top of the candle should send this market reaching towards the 148 handle above. If we can break above there and I think we will, the market should then reach towards the 150 handle, and then the 155 handle above there. Ultimately, this is a market that should continue to offer plenty of buying opportunities.
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.
