<\/p>\n
The Pound Sterling extended its gains versus the Japanese Yen and is set to finish the week with gains, as the GBP\/JPY trades at 189.72, gains 0.34%. Bank of Japan (BoJ) officials delivering mixed messages during the week prompted investors to sell the Yen as speculations grew the BoJ would not raise rates.<\/p>\n
The cross-pair has recovered after dipping near the 50-day moving average (DMA) at 187.84, capping the GBP\/JPY slide amid BoJ\u2019s ending negative interest rates. Once those dissipated, a \u2018bullish harami\u2019 candle pattern emerged, pushing the spot prices higher. As of writing, the next resistance level would be 190.00. A breach of the latter would expose the March 4 high of 191.18, followed by the year-to-date high of 191.32.<\/p>\n
For a bearish scenario, sellers must drag the price below the Kijun Sen o f58, ahead of the Senkou Span A at 189.64. Although this suggests that the pair is in an ongoing correction, a drop below the March 11 low of 187.96 could open the door for a deeper pullback.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
GBP\/JPY rises buoyed by uncertainty over BoJ’s interest rate stance, marking a weekly gain. Recovery from near the 50-day DMA suggests bullish momentum, with eyes on the 190.00 resistance mark. A drop below the Kijun Sen could signal a correction phase, with significant support at the March 11 low. The Pound Sterling extended its gains […]<\/p>\n","protected":false},"author":2,"featured_media":7199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,409,255,250,252,247,253,249,308,256,254],"class_list":["post-266408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gbpjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=266408"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266408\/revisions"}],"predecessor-version":[{"id":266409,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266408\/revisions\/266409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7199"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=266408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=266408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=266408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}