The Pound Sterling climbed for the sixth consecutive day versus the Japanese Yen amid a risk-on impulse.
GBP/JPY rose more than 0.50% on Monday amid safe-haven peers’ depreciation. The uptrend is set to continue above 196.00, with key resistance at 197.92 and above 200.00. Safe-haven currencies remained the laggards during the session as investors braced for the release of US inflation data. The GBP/JPY trades at 196.16, virtually unchanged. GBP/JPY Price Analysis: Technical outlook The GBP/JPY has resumed its uptrend, breaching the first key resistance level seen at the Kijun-Sen at 195.
The other scenario would be if the cross-pair tumbled below 196.00, exacerbating a dip below the Kijun-Sen seen at 195.26, as sellers would set their sights at the Senkou Span A at 194.54. Once cleared, the next stop would be the Senkou Span B at 194.24, followed by the Tenkan-Sen at 193.81. GBP/JPY Price Action – Daily Chart GBP/JPY Overview Today last price 196.17 Today Daily Change 1.07 Today Daily Change % 0.55 Today daily open 195.1 Trends Daily SMA20 193.67 Daily SMA50 191.
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