GBP/JPY moves above 156.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The weakness of the Japanese Yen has continued, as the GBP/JPY rate has already reached the 156.50 mark. In addition, the rate barely respects weekly simple pivot points and previous high levels.

A continuation of the surge could continue to move from one round exchange rate level to another until the pair finally reaches the 2021 high level at 158.23.

Meanwhile, a decline of the rate might also find support in round levels. However, take into account the technical levels that start from 155.00.
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