Our technical studies suggest GBP/JPY is rising in bull flag pattern which is likely to break considerably higher; the steep climb through January from the 130.69 lows constitutes the ‘pole’ part o…
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The Pound-to-Yen rate remains biased toward the upside, Pound Sterling Live technical studies suggest, even in the face of an ongoing rally from undervalued lows by the Japanese currency.
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The technical outlook favours more upside on the condition the GBP/JPY exchange rate can break clearly above immediate resistance from moving average and trendline.
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Amidst a global economic backdrop of elevated uncertainty the Japanese Yen emerges as one of the few currencies strongly tipped to rise, say strategists at Société Générale.
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The Yen fell Wednesday after the Bank of Japan (BoJ) slashed its inflation forecasts for a fourth consecutive time, undermining the case for a withdrawal of monetary stimulus over the coming quarte…
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