Bullish impulse has dominated the British Pound against the Japanese Yen since last week’s trading sessions. The currency pair has appreciated about 6.60% in value during this period.
As for the near future, the GBP/JPY exchange rate could make a brief retracement towards the 136.90 region, which was a previous resistance level, that will act as a new support line.
However, if the UK Prime Minister Boris Johnson secures the Brexit agreement, strong upside momentum could be expected within the following trading sessions.
