Thu, May 06, 2021 @ 01:18 GMT
Home Contributors Technical Analysis GBP/JPY Decline To Continue

GBP/JPY Decline To Continue

The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday’s trading session.

As for the near future, the exchange rate could continue to edge lower. Bearish traders are likely to target the weekly support level at 148.76 during the following trading session.

However, the currency exchange rate could reverse from an order block at 149.21 within this session.

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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