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GBP/JPY PRICE ANALYSIS: RANGE-BOUND TILTED UPWARDS AROUND 192.00

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  • GBP/JPY climbs 0.60%, nearing the 192.00 resistance as the Japanese Yen weakens.
  • The pair has fluctuated between 190.00 and 193.00 for 17 days, with significant moves restricted by crucial technical points.
  • Possible intervention from Japanese authorities may drive GBP/JPY down, aiming for initial support at the Ichimoku Cloud's top at 189.00.

The GBP/JPY edges higher during the North American session, up by 0.60%, as the Japanese Yen (JPY) remains the weakest currency on Monday. At the time of writing, the cross-pair exchanges hands at 191.92, shy of cracking 192.00.


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