GBPJPY Pound Sterling vs Japanese Yen

The British pound strengthened against most major currencies in the pre-European session on Wednesday.

The pound rose to near 1-month high of 1.2506 against the U.S. dollar and a 2-week high of 0.8648 against the euro, from early lows of 1.2464 and 0.8669, respectively. .

Against the franc, the pound edged up to 1.2414 from an early low of 1.2388.

If the pound extends its uptrend, it is likely to find resistance around 1.27 against the greenback, 1.25 against the franc and 0.85 against the euro.

Sterling vs Yen (FX:GBPJPY)
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From Mar 2024 to Apr 2024

Sterling vs Yen (FX:GBPJPY)
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From Apr 2023 to Apr 2024