The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency). It is known to be a “carry currency cross”, that is ...
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The GBP/JPYpared most of its gains on the strong yen. It hit a high of 193.11 and is currently trading around 191.49.
GBP/JPY tests immediate support at the nine-day EMA at 191.00. The 14-day RSI falls below 50, signaling increasing bearish momentum. The currency cross could test immediate resistance at the 14 ...
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