GBP/JPY Price Forecast: Double Top Pattern Emerges
GBP/JPY is trading lower for the fourth consecutive day, reflecting market sentiment strong in favor of the Yen. Comments from BoJ Governor Ueda, maintaining the possibility of further interest hikes amidst trade uncertainties, have influenced the pair. The recent price action hints at a potential double top around the 196.40 area. Traders should be alert for continued volatility as this scenario unfolds. A watchful approach may reveal opportunities for trading in the forthcoming sessions.