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British Pound/Japanese Yen (GBP/JPY) Exchange Rate
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GBP/JPY Advanced Live Chart
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Britain's economic growth slowed down, while the manufacturing sector rebounded.
The British pound has gone back and forth during the course of the month for March, as the ¥144 level has offered a major support, while the 148 level has caused a significant amount of resistance.
Brexit talk has come back to the forefront of traders minds in recent weeks as UK politicians return from their summer recess and the pressure to reach an agreement with the EU for a new trade deal ramps up even further.
The British pound has been the center of the Forex world’s attention for some time now.
Check out the Forex forecast for the week of June 25, 2018 and find out which pairs are crucial to pay attention to.
The British pound has been rallying over the last couple of months, but over the last couple of weeks has started to see a bit of selling pressure.
Get the Weekly Forex Forecast for major pairs for the week of April 22, 2018.
Get the Weekly Forex Forecast for major pairs for the week of March 26, 2018.
Get the Weekly Forex Forecast for major pairs for the week of January 15, 2018.
The Pound Sterling inched higher after the Markit release for PMI Services was released earlier today; the survey for December showed sectoral growth
The GBP/JPY didn’t enjoy the gains it made reaching towards resistance level at 152.82, the highest level for this pair in 3 months, and went quickly down towards 151.93
Despite recent gains of the GBP/JPY, reaching towards 152.82, the highest in one month, the bullish bounce still needs stimulates to confirm the strength of the bullish trend
For the third day in a row, the GBP/JPY fails in settling on top of the resistance at 152, and it seems clear on the GBP/JPY chart that the pair is moving in tight ranges
It seems clear on the GBP/JPY chart that the pair is moving in tight ranges with slight bullish bias awaiting stronger catalysts for the GBP to overcome the resistance at 152.00 for a stronger bullish chance.
It seems clear on the GBP/JPY chart that the pair is moving in tight ranges with a slight bullish bias awaiting stronger catalysts.
Get the Forex forecast for the week of December 5, 2017 featuring which pairs to pay close attention to during the week.
Get the Forex forecast for the week of November 6, 2017 featuring which pairs to pay close attention to during the week.
The GBP/JPY was under bearish pressure below 148 level, which supports the bearish corrective move of this pair.
The GBP/JPY pair is still in a bearish area as long it’s moving below the psychological resistance level at 150.00 for 9 consecutive sessions.
Get the Forex forecast for the week of October 16, 2017, featuring which pairs to pay close attention to during the week.