GBP/JPY daily chart, December 08, 2016

GBP/JPY Forecast December 8, 2016, got technical Analysis

The British pound fell against the Japanese yen on Wednesday, as it looks like we are trying to roll over a little bit. If we do roll over from here, I would love to see the 140 level tested and proved itself to be supportive. I have no interest whatsoever in selling this market, because we have obviously broken out so when we pullback I think that we could find a bit of value at lower levels as we should continue to find plenty of bullish pressure over the longer term due to the soft been Japanese yen overall.