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Benzinga
Benzinga
Business
Mark O'Donnell

Updated technical GBPJPY price forecast

Bank of England Bank of Japan British Pound Japanese Yen

Most traders are aware of the rout that the USD is carving into the Japanese yen and the Great British pound.

Since the beginning of March 2022, the USD has appreciated against the yen by 11%, and 7% against the pound. Naturally, with their respective performances against the USD, the pound has strengthened against the yen since the beginning of March. But, by how much and what is the technical and fundamental perspective of the GBPJPY pair moving forward?

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