The GBP/JPY cross trades higher with a cautious tone in the early European trading hour. The pair books the gains for the fifth straight session. At the time of writing, the GBP/JPY cross-currency pair is trading at 154.48, up 0.02% on the day.
The GBP/JPY cross currency pair has been trading in a broad trading range of 149.00 and 154.45 since late June. The current price action suggests difficulty for the GBP/JPY bulls near the strong resistance barrier around 154.50, in my opinion. Having said that, if the price breaks above the day’s high, then it could test the psychological 155.00 as the first upside target.
What do you think? the price range will be more higher or not?