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GBP/JPY forecast for the week of September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:32 GMT+00:00
The British pound exploded in value over the course of the last week, as the Bank of England suggested that interest rate hikes may be in the future.
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The British pound exploded in value over the course of the last week, as the Bank of England suggested that interest rate hikes may be in the future. Because of this, we have clear the 150 handle, and this pair looks ready to go much higher. Pullbacks should be buying opportunities as the Japanese yen has sold off, and even a missile test by the North Koreans could not drive the value of the Japanese yen higher. Because of this, I think this continues to be a “buy on the dips” opportunity for traders, offering a long-term uptrend in this market.
GBP/JPY Video 18.9.17
About the Author
Christopher LewisSenior Analyst
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.
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