Mon, 29 Aug 2022 12:32:02 GMT
GBP/JPY reaches above 162.00
In the aftermath of the Jackson Hole symposium, the GBP/JPY currency pair has managed to surge above the 162.00 level. At mid-day on Monday, the rate reached above 162.00 and appeared to be heading to the 162.50 level and the weekly R1 simple pivot point at 162.61.
In the case of a surge above 162.60, the rate could encounter resistance