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
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.