Bullish
GBP/JPY rises to 216.79 as carry demand strengthens, testing 217.00 resistance.
Over the past 24 hours, GBP/JPY has climbed to 216.79, driven by increased carry demand and a risk-on market sentiment. The pair is now testing the 217.00 resistance level, with a potential breakout targeting mid-July's yearly highs.
Key points
- GBP/JPY gains 0.72% to 216.79, approaching 217.00 resistance.
- Market sentiment remains risk-on, supporting carry trades.
- No significant economic data released in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
