GBP/JPY Holds Above 217.00, Targets 218.00
The British Pound strengthened against the Japanese Yen on Tuesday, rising over 0.12% to 217.04 and positioning to challenge the year-to-date high.
GBPJPY
GBP/JPY traded higher on Tuesday, gaining more than 0.12% to reach 217.04. The cross-pair is now approaching the year-to-date high, with the next upside target seen at 218.00.
Support holds above the 217.00 level, which could provide a base for further gains. Traders are watching for a break above the YTD high to confirm the bullish momentum.
Source: FXStreet Forex News