The Pound is in a concerted downtrend against the Japanese Yen which is expected to extend but we look for the potential of a near-term relief bounce.
May 21,2019
The GBP/JPY was trading around 141.98 Tuesday after having declined half a percent thus far this week, although further losses could be just around the corner given technical signals coming from the charts.
May 14,2019
The technical setup on GBP/JPY has now turned bearish after the exchange rate broke convincingly below a key long-term support level in the 143.70s.
May 8,2019
The GBP/JPY rate is currently trading in the 144.30 area, about half a Yen down from a week ago, and although the exchange rate remains range-bound on the technical front the charts are giving off signals that suggest a bearish tilt to the outlook.
April 29,2019
The Yen has gone higher despite the Bank of Japan striking a decidedly more dovish tone on the outlook.
April 25,2019
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