GBP/JPY Price Analysis: Bulls in play, eyeing break of trendline resistance GBPJPY Technical Analysis
may not hike interest rates any further. Bank of England Governor Andrew Bailey on Wednesday raised the prospect that the central bank might not need to raise interest rates again, after hiking them to 4% from just 0.1% in December 2021.
Should the 15-min support holds up, a fuller test of the trendline could result in a breakout from a 50% mean reversion of the bullish impulse as illustrated above. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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