The British pound has been volatile on Thursday, as we reached higher to try and fill the gap from several sessions ago. We have since sold off, as the Japanese yen has been strengthening overall. If we break down below the 142 handle, the market should go looking towards the 141.50 level. If we managed to turn around and break above the 143 level, that would be an extraordinarily bullish sign. However, it looks as if we are going to roll over in the short term. Because of this, I am a bit bearish but not willing to place a longer-term trade currently.

GBP/JPY Video 08.9.17

This article was originally posted on FX Empire

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