GBP/JPY Weekly Forecast – British Pound Continues to Explode to the Upside

GBP/JPY Weekly Forecast – British Pound Continues to Explode to the Upside

Source: EODHD - https://finance.yahoo.com/news/gbp-jpy-weekly-forecast-british-172457432.html
Published: Nov 24, 2023 12:24 PM

GBP/JPY Forecast Video for 27.11.23 British Pound vs Japanese Yen Weekly Technical Analysis The British pound has initially pulled back during the course of the week, but then turned around to show signs of life. By doing so, it looks like the market is going to continue to see a lot of volatility and furthermore, we have seen a massive move to the upside. All things being equal, this is market that I think continues to see a lot of upward pressure, due to the fact that the interest rate differential between the 2 economies continues to be wide enough to drive a truck through, and therefore I think you get a situation where you just simply look to buy dips so you can get paid at the end of e...

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.