FOREX FORECAST FOR GBPJPY, USDJPY AND EURJPY PAIRS

GBP/JPY to 150.00 - EUR/JPY to 130.00

The GBP/JPY and the EUR/JPY have both been moving higher, and with the Japanese yen (JPY) continuing to weaken, it doesn't look like their up trends are going to stop anytime. We saw slight pull-backs on both the GBP/JPY and the EUR/JPY yesterday and today's morning, but those are going to be short lived. The JPY just doesn't have any strength behind it right now.   Within the next week or two, I see the GBP/JPY moving back up to 150.00 and the EUR/JPY moving back up to 130.00.   USD/JPY: Target in sight 100.00 The Dollar has had an incredible run lately and the strength looks to continue. The resistance level is 100.00 which was last hit in October of 2008.  There is also an earlier resistance level at 98.92 which is the current .50 Fibonnacci retracement level.