Wed, 03 Nov 2021 15:16:16 GMT
GBP/JPY recovers despite piercing support
Despite passing the support line of the channel down pattern on Tuesday, the GBP/JPY currency exchange rate did not decline. Instead, the pair traded sideways above the 155.00 level, before starting a surge at mid-day on Wednesday.
At mid-day on Wednesday, the rate had reached the resistance zone at 155.75/155.90. The zone had impacted the rate on October 14, as a