GBP/JPY daily chart, November 30, 2016

GBP/JPY Forecast November 30, 2016, Technical Analysis

The British pound rallied against the Japanese yen again on the Tuesday session, and has reached above the 140 handle again. This is a market that looks likely to continue to try to go higher, but it could be a bit volatile in the meantime. I am bullish but I recognize that going to have to be able to hang onto a choppy move to reap the benefits of the bullish pressure. I have no interest in selling, and I believe that every time it happens it will simply be the market offering value.