GBP/JPY Price Forecast: Stalls below 200-day SMA as bulls struggle for momentum
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The GBP/JPY currency pair is experiencing a consolidation phase in the Asian trading session, trading at 193.63, just below its 200-day Simple Moving Average (SMA) of 193.91. The pair is currently range-bound between 192.70 and 193.98, with buyers unable to generate significant upward momentum.
March 31, 2025 | 11:15 pm
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NEUTRAL IMPACT
The currency market's current consolidation phase, particularly in the GBP/JPY pair, suggests potential implications for currency-related ETFs like FXY.
While the news directly relates to the GBP/JPY currency pair, its impact on the FXY Japanese Yen ETF is indirect and likely to be minimal in the short term.
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