The Pound is forecast to rise against the Japanese Yen up to a high of circa 151.00, after which point it will fall back quite steeply, according to analysis from advisory service EWM Interactive.
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The Yen has started the new trading week on the front foot against the Pound after a series of adverse Brexit headlines but the overcrowded market short against the Japanese currency suggests the G…
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USD/JPY is at a key 'make-or-break' level with important implications for the future outlook for the currency pair.
Read more … →GBP/JPY is pulling back at the start of the new week but a breakout from bullish wedge pattern seen on the charts remains valid and could still bode bullish longer-term.
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The Pound-to-Yen exchange rate is attempting to break out of a falling wedge pattern. If it is successful it will probably signal the start of a strong new move higher for the pair.
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