GBP/JPY Forecast – British Pound Rallies a Bit

GBP/JPY Forecast – British Pound Rallies a Bit

Source: EODHD - https://finance.yahoo.com/news/gbp-jpy-forecast-british-pound-145959399.html
Published: Nov 23, 2023 9:59 AM

GBP/JPY Forecast Video for 24.11.23 British Pound vs Japanese Yen Technical Analysis The British pound has initially pulled back just a bit only to turn around and show signs of life and start rallying. The ¥187.25 level being broken to the upside opens up the possibility of a move much higher. Ultimately, I do think that this market not only goes higher, but probably to the ¥190 level above. Short-term pullbacks continue to be buying opportunities, and therefore I think you will be looking for value as we go along. In general, I think this is a market that continues to be very noisy, and of course driven by not only the interest rate differential, but also the fact that is a “risk on/risk o...

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.