The British Pound has appreciated about 2.25% in value against the Japanese Yen since August 12. The currency pair tested a resistance level formed by the 100– period simple moving average at 129.15.
Most likely, the GBP/JPY exchange rate could continue to inches higher during the following trading sessions. Bullish traders might aim for the 200-hour SMA at 132.04 next week.
Furthermore, technical indicators suggest that the currency exchange rate would trade north until the end of this week’s trading sessions.
