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GBP/JPY Price Outlook: Exceeds range, buyers target 216 as RSI shows strength

GBP/JPY falls to the mid-215.00s as BoE decision restricts decline.

The pound rose against the yen on Wednesday, increasing by 0.17%, even amid warnings from Japanese officials about possible intervention in the currency market to support the yen. Currently, GBP/JPY is trading at 215.93, reflecting a 0.16% gain. GBP/JPY Price Forecast: Technical Outlook GBP/JPY broke out of the 212.00-215.00 range today, paving the way to […]

New Zealand Dollar remains steady against USD as buyers overlook positive Retail Sales.

NZD/USD Price Outlook: Difficulty in maintaining position above 61.8% Fibonacci retracement near 0.5940

The NZD/USD currency pair has been fairly stable during the Asian trading session on Friday, showing little response to New Zealand’s release of encouraging retail sales figures. Currently, it’s hovering around 0.5870, which represents a slight weekly gain but hasn’t changed much throughout the day. According to Statistics New Zealand, retail sales—a key indicator of […]