GBP/JPY Price Forecast: Clears 50-day SMA, yet flatlines below 214.00
GBP/JPY Price Forecast: Bulls defend 100-day SMA while momentum remains subdued
GBP/JPY pops up above 213.00 even as UK local elections point to Labour party losses
GBP/JPY flatlines around 212.50 amid UK elections, Yen intervention risks
GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00
GBP/JPY rises as Oil-driven Yen weakness and BoE-BoJ rate gap sustain bullish bias
Intraday analysis covering GBPJPY, XAUUSD, where Gold retreats from recent highs, and GER40, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. GBPJPY stuck sideways The pound has failed to revive itself after last week's sell-off saw the pair lose over 400 pips.
GBP/JPY turns upside down to near 212.00 on likely Japan's intervention
GBP/JPY jumps to near 214.00 as Yen gives back some Japan intervention-led gains
GBP/JPY declines as BoE holds rates, Yen strengthens on intervention signals
GBP/JPY holds steady near its highest level since January 2008, above 216.00 ahead of BoE
GBP/JPY retreats to mid-215.00s; downside seems limited ahead of BoE on Thursday