GBP/JPY Price Forecast – British Pound Continues to Push to Upside

SourceYahoo News
SectorFinancial Markets
CountryGulf

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Christopher LewisJune 9, 2021, 6:14 AM·2 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

The British pound has initially rallied against the Japanese yen during the trading session on Wednesday, to break above the ¥155 level. However, we have pulled back from there just a bit to show just how choppy this market is going to continue to be. At this point time, I think that we are still very much in an uptrend so we have to keep that in mind, but at the end of the day it looks like we may get a bit of noisy trading in order to build up the necessary momentum.

GBP/JPY Video 10.06.21

Another thing to pay attention to is the GBP/USD pair, as it continues to struggle with the 1.42 handle.

The 1.42 handle is a major barrier for the...read more...