Advertisement
Advertisement
GBP/JPY forecast for the week of September 4, 2017, Technical Analysis
Updated: Sep 2, 2017, 05:18 GMT+00:00
The British pound fell initially during the week, but found enough support at the 140 level to turn around and slam into the bottom of the uptrend line
The British pound fell initially during the week, but found enough support at the 140 level to turn around and slam into the bottom of the uptrend line that had been so important in this market. We close towards the top of the candle, so we can continue to go little bit higher, I think that the overall uptrend continues as we go looking towards the 145 handle, and then possibly the 148 handle. Keep in mind that this market tends to be very sensitive to risk appetite, so pay attention to stock markets.
GBP/JPY Video 04.9.17
About the Author
Christopher Lewisauthor
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.
Advertisement