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GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improves
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FXStreet Forex & Commodities News
The GBP/JPY advances by over 0.30%, rising above 218.00, as risk appetite improves amid overall US Dollar weakness following the Federal Reserve's monetary policy decision.
The pair trades near 218.50 after hitting a low of the day (LOD) of 217.16.
GBP/JPY Price Forecast: Technical outlookThe cross-pair was headed to extend its losses after reaching a ten-day low.
However, the GBP/JPY followed the direction of the GBP/USD pair after the Fed’s decision.
GBP/JPY Price Chart – DailyGBP/JPY daily chart