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Upside bias holds as 21-day SMA cushions declines
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Upside bias holds as 21-day SMA cushions declines
The British Pound (GBP) trades on the back foot against the Japanese Yen (JPY) on Friday after the Pound weakened broadly following a Financial Times report that Prime Minister Keir Starmer and Chancellor Rachel Reeves have abandoned plans to raise income-tax rates ahead of the November 26 budget. At the time of writing, GBP/JPY is trading around 203.00, down nearly 0.30%, after rebounding from an intraday low of 202.34. From a technical perspec…
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