GBP/JPY’s aggressive rally off the low is now at key resistance levels, what's next? Are the key resistance levels holding down the pair is the upwards trend line?
The pair continues to trade near the highs for the day but is currently testing key resistance levels at 147.60s. The pair is posting a solid run back up.
GBP/JPY trades higher in the Asia session, lifting into 146.90s. The Sterling is catching a positive boost on the numbers as economic data for the UK begins to return to a positive swing.