GBP/JPY forecast for the week of September 18, 2017, Technical Analysis

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