US EditionGBP/JPY Price Forecast: Break of near-term resistance could open door for move above 196.00.
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Break of near-term resistance could open door for move above 196.00.
GBP/JPY rises above the 20-day Simple Moving Average (SMA), providing support at 194.21. The Relative Strength Index (RSI) is nearing 60, suggesting that momentum remains in favour of the bulls. A decisive break above 195.00 could push prices back to 196.00 The Japanese Yen (JPY) continues to weaken against the British Pound (GBP) on Friday, with the GBP/JPY pair edging up to near 195.20 at the time of writing. This move marks a continuation of…
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