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Posted by
Two Blokes Jun 9 -
Filed in
Forex
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17 views
The British Pound (GBP) remains near multi-month highs against the Japanese Yen (JPY) on Monday, with the GBP/JPY pair close to testing a key Fibonacci resistance zone. After bottoming out in late August 2024 near 180.09, the pair has steadily recovered, and recent price action suggests buyers are attempting to break above 197.00, the critical 61.8% Fibonacci retracement level of the July-August 2023 downtrend.
