GBP/JPY daily chart, July 25, 2016

GBP/JPY Forecast July 25, 2016, Technical Analysis

The GBP/JPY pair initially tried to rally but then turn right back around form a slightly negative candle. It looks as if we could break down from here, and if we do break the bottom of the range for the session on Friday, the market should then reach down to the 135 handle. If we can break down below there, the market should then grind its way down to the 130 level given enough time. I do not have any interest in buying this market, I believe that we are starting to roll over at this point in time.