GBP/JPY daily chart, November 28, 2016

GBP/JPY Forecast November 28, 2016, Technical Analysis

The GBP/JPY pair went back and forth on Friday, and ended up forming a neutral candle. We find are symbols hovering around the 140 handle, so I think that given enough time we will see buyers enter this market on pullbacks. The Japanese yen continues to be one of the week is currencies around the world, but quite frankly has been oversold. A pullback from here should be a buying opportunity, and with that being the case it’s likely that we will see buyers picking up “value” in this market going forward.