GBP/JPY Improves as Continuation Into 215.346

Research preview

GBPJPY News And Catalyst Brief The external news flow is useful here because it clusters around around geopolitical risk. GBPJPY has a balanced headline read, with macro headlines setting the volatility backdrop. Final bias: neutral until price accepts a level outside the current pivot range. That makes the technical map more important, not less important, because price still has to confirm the macro story. North korean missile likely already fell – japan coast guard. India, japan defense ministers welcome strengthening ties. Currency strength chart: strongest: nzd, cad, eur, gbp, usd, aud, gbp, chf – weakest. Japan 40-year bond yield falls 10 basis points to 4.05%. Gbp/usd price forecast: strengthens above...