GBP/JPY Price Forecast

The British pound pulled back just a bit during the day on Monday but considering that Donald Trump and the Chinese are chirping at each other through twitter again, it’s quite impressive. The ¥145 level has offered support, as it is a large, round, psychologically significant figure. Breaking down through that level opens up the possibility of a move down to the ¥144 level, which of course is an area where we’ve seen buyers at previously. Slicing through that level brings a lot more trouble into the marketplace.