Tue, 17 May 2022 11:19:11 GMT
GBP/JPY encounters resistance at 161.50
At mid-day on Tuesday, the GBP/JPY reached the 161.50 level's resistance. Future forecasts are based upon whether or not the resistance holds.
In the case of the pair bouncing off the 161.50 mark, the rate could look for support in the 160.50 and 160.00 levels. However, these levels did not act as resistance during the pair's recent surge, which implies that