GBPJPY has shown strong bullish momentum after breaking through two key resistance levels. This breakout signals a shift in sentiment, with buyers regaining control and pushing the pair higher.
The recent surge is largely driven by renewed trade tensions, which have added pressure on the Japanese Yen. As risk-off sentiment rises, the yen typically strengthens—but in this case, uncertainty surrounding potential policy moves and weak economic signals are weighing on the currency.
Meanwhile, GBP has remained relatively resilient, benefiting from positive technical developments and improved investor outlook.
The recent surge is largely driven by renewed trade tensions, which have added pressure on the Japanese Yen. As risk-off sentiment rises, the yen typically strengthens—but in this case, uncertainty surrounding potential policy moves and weak economic signals are weighing on the currency.
Meanwhile, GBP has remained relatively resilient, benefiting from positive technical developments and improved investor outlook.
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.