GBPJPY Weekly FOREX Forecast 17-Oct-2016

GBPJPY Weekly FOREX Forecast 17-Oct-2016

GBPJPY Weekly FOREX Forecast 17-Oct-2016

GBPJPY Weekly Forecast

Closing Price of last week

Estimated Range

Direction

127.02

124.00-128.62

Sell

Weekly Outlook of GBPJPY

The influence that became the large fall a week earlier was conscious of, and it was heavy movement of the higher level of price slightly early next week last week. And the issue of EU secession of the U.K. did not end, and pound selling advanced from the concern for sequentially, and pound / Japanese yen fell from 128.62 of the beginning of the week to 124.86. Heavy movement of the higher level of price continued afterwards although movement to return a value to was seen.Heavy movement of the higher level of price is expected this week. It will be the factor that the concern for the problem to follow it, and to pick quarrel with the British EU secession controls higher level of price without the reaction that greatly declined being restrictive and a bullish factor to rise to here. And I want to be careful about very important person remarks in relation to the EU secession in particular.
Source: SBI Securities

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