GBP/JPY Price Forecast: Consolidates as intervention woes cap upside
GBP/JPY Price Forecast: Trapped between key SMAs, bulls eye 214.00
GBP/JPY Price Forecast: Long-term moving averages continue to support the uptrend
GBP/JPY Price Forecast: Pound retreats below 214.00 as Japanese data supports Yen
GBP/JPY Price Forecasts: Pound picks up to 213.80 as US-Iran conflict escalates
The GBP/JPY cross attracted dip-buyers on Wednesday after pulling back modestly from the 214.65-214.70 region, which marked a fresh monthly high in the previous session. The currency pair maintained slight intraday gains during the early European session and traded around the 214.35-214.40 zone, up nearly 0.10% on the day.
GBP/JPY Price Forecast: Bulls test 214.50 resistance as upside momentum improves
GBPJPY currency pair recently reversed up from the support zone between the support level 211.00 (which has been reversing the price from the start of May), lower daily Bollinger Band and the support trendline of the daily up channel from February.
Range trading continued in GBP/JPY last week and outlook is unchanged. Corrective pattern from 216.58 is still extending.
British Pound recovers from over one-week low vs weaker JPY; GBP/JPY retakes 212.00
GBP/JPY Price Forecast: Struggles below 212.00 as bears look to seize control
GBP/JPY Price Forecasts: British Pound dives to 213.30 despite positive UK data