GBP/JPY Forecast – British Pound Breaks Through

GBP/JPY Forecast – British Pound Breaks Through

Source: EODHD - https://finance.yahoo.com/news/gbp-jpy-forecast-british-pound-170547988.html
Published: Nov 24, 2023 12:05 PM

GBP/JPY Forecast Video for 27.11.23 British Pound vs Japanese Yen Technical Analysis The British pound has rallied significantly during the course of the trading session on Friday, as we have seen the market break to a fresh, new high. All things being equal, the Japanese yen remains on its back foot, and I think that will continue to be the case going forward. With this, the market is likely to continue to see buying opportunities on each dip, as the interest rate differential continues to favor the British pound against the Japanese yen, or for that matter, anything against the Japanese yen. At this point, I think the ¥187.25 level is going to continue to be an area of interest, and a pull...

Market context: This update is relevant to GBP traders, with GBPJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.