英鎊/日元

The GBP/JPY cross reverses a modest intraday dip, climbing back to the 212.00 mark during the early European session on Thursday, though it remains confined within a range held over the past week or so.

The GBP/JPY trades choppily despite posting gains of 0.17% on Wednesday, with price action remaining within Tuesday’s daily range of 211.44-212.65, indicating that a potential ‘bullish harami’ or inside day pattern is forming near a key resistance area.

The GBP/JPY cross attracts fresh sellers following an intraday uptick to the 212.15-212.20 area on Wednesday, retreating to the lower end of its daily range during the first half of the European session.

The GBP/JPY falls by about 0.22% as the US Dollar strengthens on hawkish comments from Federal Reserve (Fed) officials, boosting safe-haven currencies like the Japanese Yen against the Pound Sterling. The cross trades at 211.78.

GBP/JPY trades with a modest bullish bias on Tuesday but struggles to build on the previous day’s 0.32% gain. At the time of writing, the cross trades around 212.44, up 0.09% on the day, with the 100-day and 200-day Simple Moving Averages (SMAs) near 213.00 capping the immediate upside.

The GBP/JPY cross attracts buyers for the second straight day and advances to mid-212.00s during the first half of the European session on Tuesday amid a combination of supporting factors.