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GBP/JPY reaches another new 9 year high right now
Last week, I noted how the GBP/JPY had risen to reach its first objective, outlined here some while back. That was above 191 and the Pound reached its highest level since 2015 on Friday. The GBP/JPY later closed the week at 190.74. It has just now lifted to a new 2024 and 9 year high, at 191.22 and it seems the prospect of more upside is being chased as I write. The further highs are being delivered by a weaker dollar versus Europe, at the same time as the USD/JPY remains stubbornly camped above 150.50. The EUR/JPY is lifting for exactly the same reasons too. The GBP/JPY is just now trading at 191.20
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