Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
British Pound Turns Higher versus the Japanese Yen

British Pound Turns Higher versus the Japanese Yen

David Rodriguez, Head of Product

Share:

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPJPY –Choppy price action in the GBP/JPY has led to similarly choppy moves in retail FX sentiment, but a recent shift towards crowd selling suggests the Sterling may continue higher versus the Yen. Targets are now at recent spike-highs starting near ¥195 and extending through major peaks closer to ¥196.

See next currency section: EURUSD - Euro Forecast to Hit Further Lows on Major Sentiment Shift

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES