$ETH 📉 The GBP/JPY currency pair is experiencing volatility amid pressures from the Bank of Japan and market expectations regarding British monetary policy. After rising to the 200.00 level, the pair began to retreat slightly due to expectations of a hold on interest rates from the Bank of England, compared to potential interventions from the Bank of Japan to support the weak yen. Technical analysis indicates that breaking below the 198.50 level could open the way for further declines towards 197.00, while holding above may restore upward momentum. It is best to wait for a clear signal before entering any trades, especially given the pair's sensitivity to unexpected economic news.
#GBPJPY #BTCBreaks110K #Tradersleague