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The GBP/JPY rate was trading lower Tuesday after gaining almost three percent last week and studies of the charts suggest a risk of a deeper pullback in the short-term because the recent recovery may have took the pair too far, too fast.
October 22,2019
Studies of the GBP/JPY charts suggest the pair has probably established a new short-term trend which is biased to extend over the near-term.
October 15,2019
Studies of the GBP/JPY charts suggest the pair will continue to decline in the very short-term.
October 8,2019
The Japanese Yen is rising from increased safe-haven flows as a global stock market rout takes hold, with analysts at investment bank Morgan Stanley saying they see the trend of appreciation accelerating as domestic investors take out further currency hedges.
October 4,2019
There is a strong possibility the GBP to JPY exchange rate will continue this decline to perhaps 131.25 where support will kick in.
October 1,2019
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