The GBP/JPY pair went back and forth during the week after initially gapping lower on Monday. The less than impressive candle suggests that the market is
The GBP/JPY pair went back and forth during the week after initially gapping lower on Monday. The less than impressive candle suggests that the market is running out of steam. Having said that, I think that the 140-level underneath is supportive, and a breakdown below there would be very negative. On the other hand, the market could bounce from here and go to the 145 handle. This is a very risk sensitive pair, so keep that in mind as it tends to move with the world’s stock markets.
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.
