British Pound fills weekly bearish gap vs weaker JPY; GBP/JPY steadies below mid-213.00s
The GBP/JPY cross attracts fresh buyers in the vicinity of the 100-day Simple Moving Average (SMA) support and fills a modest weekly bearish gap opening on Monday. Spot prices, however, lack follow-through and currently trade just below mid-213.00s during the early European session.
The GBP/JPY may experience a short-term rebound as fresh buyers enter near the 100-day SMA support. However, the lack of follow-through suggests potential resistance around the mid-213.00s.
The GBP/JPY cross attracts fresh buyers in the vicinity of the 100-day Simple Moving Average (SMA) support and fills a modest weekly bearish gap opening on Monday. Spot prices, however, lack follow-through and currently trade just below mid-213.00s during the early European session.
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