Wed, Jun 23, 2021 @ 12:55 GMT
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GBP/JPY Consolidates Below 154.50

Since last week’s trading sessions, the British Pound versus the Japanese Yen has been trading between the 153.50/153 levels. The currency pair tested the 154.30 area on Monday morning.

Everything being equal, the GBP/JPY currency exchange rate could continue to trade within the 153.50/153 range, as mentioned above, within the following trading session.

However, technical indicators suggest bullish signals on the 4H, daily and weekly time-frame charts. Most likely, a breakout could occur during Monday’s trading session.

Dukascopy Swiss FX Group
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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