The GBPJPY pair has decisively broken to a new high, thereby confirming the prevailing bullish trend. This development underscores the presence of a bullish sequence that favors continued upside momentum.
GBP/JPY Price Forecast: Rallies and hits 18-year highs above 217.00
GBP/JPY Price Forecast: Possible Japan intervention caps gains near 216.00
GBP/JPY Price Forecast: Breaks range, bulls eye 216 as RSI is bullish
GBPJPY currency pair earlier reversed from the support area between the support level 213.00 (which has been reversing the price from the middle of May), 61.8% Fibonacci correction of the upward impulse from April and the support trendline of the daily up channel from February.
GBP/JPY Price Forecast: Ascending triangle puts YTD high in play
Delve into the GBP/JPY technical analysis, uncover key catalysts, and understand how BOE and BOJ monetary policies influence market trends.
GBP/JPY Price Forecasts: Pound bounces up to 213.40 with intervention risks increasing
GBP/JPY Price Forecasts: Pound retreats to 213.20, lacking a clear bias
GBP/JPY Price Forecast: Sellers eye break below 100-day SMA
GBP/JPY Price Forecast: Consolidates as intervention woes cap upside
GBP/JPY Price Forecast: Trapped between key SMAs, bulls eye 214.00