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.
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.
