GBP/JPY Forecast – British Pound Continues to Threaten Yen

GBP/JPY Forecast – British Pound Continues to Threaten Yen

Source: EODHD - https://finance.yahoo.com/news/gbp-jpy-forecast-british-pound-150201698.html
Published: Nov 13, 2023 10:02 AM

GBP/JPY Forecast Video for 14.11.23 British Pound vs Japanese Yen Technical Analysis The British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.” This involves getting paid at the end of every session, and therefore it makes it an attractive investment. The 185 Yen level is an area that a lot of people will be paying close attention to, as the area is not only a large, round, psychologically s...

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.