GBP/JPY Maintains Minor Gains Within Trading Range
The GBP/JPY pair is currently in a neutral trading stance within the 12-day-old trading range. The pair needs to break out of the current range for a clearer directional bias. Traders should remain cautious and monitor the price action for potential opportunities.
On the Pound Sterling front, higher interest rates by the Bank of England (BoE) are creating more trouble for households. Persimmon, United Kingdom’s largest domestic property developer, said on Wednesday, the new-home buyers market is declining as higher interest rates are making interest obligations less affordable.
👉 Given the current sideways trading range and lack of clear direction, the trade signal for GBP/JPY is neutral.
On the Pound Sterling front, higher interest rates by the Bank of England (BoE) are creating more trouble for households. Persimmon, United Kingdom’s largest domestic property developer, said on Wednesday, the new-home buyers market is declining as higher interest rates are making interest obligations less affordable.
👉 Given the current sideways trading range and lack of clear direction, the trade signal for GBP/JPY is neutral.