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British Pound / Japanese Yen

GBPJPY Eyes Stability as BoJ Plans More Rate Hikes

By FxNews-me
Fxnews—The immediate support is at 198.45. A new consolidation phase could potentially form if GBP/JPY closes below 198.45.

If this scenario unfolds, the price could dip to the 23.6% Fibonacci retracement level at 197.3, supported by the 100-period simple moving average.
Chart PatternsGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpysignalgbpjpysignalsgbpjpytechnicalgbpjpytechnicalanalysisTechnical IndicatorsTrend Analysis
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