GBP/JPY Live News

This page provides live coverage and news analysis on the GBP/JPY currency pair

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Jul. 18, 2024

Mixed sentiment sees Pound-Yen currency pair ending the session broadly flat; establishes tight 202.09 to 203.58 range

Live - Updated 23 minutes ago.

Pound-Yen posts light gains on a low-volatility day, ranging between 202.09 – 203.58 and is now at 203.21.

Chart analysis indicates although GBP/JPY is appreciating today after rising as high as 203.58, price action is now slowing and consolidating around 179 pips below the 205 resistance level. Pound-Yen formed a session range of 202.09 to 203.58 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of 202.92.

Other currencies are also rising as USD/JPY ascends 0.31% to trade around 156.65.

While Pound-Yen is up today, these currencies are lagging behind: EUR/USD is down 33 pips from the beginning of the session and now trades around 1.0907. After ending yesterday's session at 1.3009, GBP/USD lost 38 pips and is trading around 1.2971.

Trading mostly sideways for 2 months. Having set a peak of 206.26 around 9 days ago, Pound-Yen is now trading 1.51% below this level.

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Week to date

Pound-Yen ends yesterday stable around 203.21 .

Trading week at a glance - GBP/JPY is up to 203.21, after closing yesterday at zero. Overall, a 0% move or 20,320 pips this week. (Trade Pound-Yen with FXTM now).