GBP/JPY Forecast: Bulls Take a Breather BritishPound Yen japan GBP JPY Forex Trading
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.
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