British Pound Struggles to Extend Recovery Against Japanese Yen
The British Pound faces resistance above 216.33 against the Japanese Yen during European trading, struggling to extend its recovery.
GBPJPY
GBP/JPY attempted a recovery during the European trading session but ran into selling pressure near the 216.33 level. The pound's early gains faded as buyers failed to push the pair higher.
The roadblock above 216.33 suggests that bullish momentum is insufficient, leaving the pair vulnerable to a pullback. Traders are watching for further signs of weakness.
Source: FXStreet Forex News