GBP/JPY goes to opening levels too; back to 191.00

FXStreet (Orlando) – The British Pound is currently trading bullish across the market after Philip Hammond affirmed that “as long as there is a Conservative government,” the UK “will not, and never will be, part of the single currency.” Against the Japanese Yen, the Pound rallied pips from daily lows at 189.50 to trade back at 191.00.

Currently, GBP/JPY is trading at 190.96, still down 0.06% on the day, having posted a daily high at 191.28 and low at 189.53. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/JPY forecast

Anil Panchal from Admiral Markets commented in the latest GBP/JPY Forecast Poll, that if the GBP/USD breaks 192.20 on a closing basis, “195.50 can’t be denied. Moreover, broader weakness of JPY supports up-move.”

If the pair extends gains beyond 191.00, it will find resistances at 191.25 and 191.50. To the downside, supports are now at 190.70, 190.45 and 190.00.

The British Pound is currently trading bullish across the market after Philip Hammond affirmed that “as long as there is a Conservative government,” the UK “will not, and never will be, part of the single currency.” Against the Japanese Yen, the Pound rallied pips from daily lows at 189.50 to trade back at 191.00.

(Market News Provided by FXstreet)