GBP/JPY Chart Setting Up for 1000 Pip Move Higher – November 22nd 2016

[kreslik.news]

GBP/JPY – sterling/yen looking to continue higher

We discussed the GBP/JPY last week in our November 16th commentary, the fresh uptrend underway in this pair and that we were looking to buy on a pullback. We are still looking for a buying opportunity on the GBP/JPY, to trade in line with this fresh bullish momentum.

Traders can look for any weakness or a confirmation signal on the daily chart to get long as this uptrend is likely to resume after a pullback. Traders can watch the 21 day exponential moving average value (support) area as well as support near 1.3235 for potential ... (read more)