The GBP/JPY currency pair has continued to trade sideways since April 8. The British Pound surged by 72 pips or 0.48% against the Japanese Yen during Wednesday’s trading session.
Everything being equal, the exchange rate could continue to range between the 150.70/149.50 levels during the following trading session.
However, technical indicators suggest selling signals on the 4H time-frame chart. Most likely, bearish traders might pressure the currency exchange rate lower during the following trading session.
