The recent surge in the GBP/JPY pair has been driven by bullish sentiment. However, some analysts argue that this bullishness may have become excessive, paving the way for a corrective pullback.
The resulting interest rate differential between the two currencies is likely to push the GBP/JPY pair higher. As the longer-term trend reasserts itself, traders are keeping a watchful eye for a supportive candlestick pattern, which may serve as a buying signal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: