On Friday, the British Pound edged lower by 98 pips or 0.64% against the Japanese Yen. The currency pair was pressured lower by the 200– hour simple moving average during Friday’s trading session.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, sellers could continue to pressure the exchange rate lower during the following trading session.
However, the currency exchange rate could bounce off a support level at 150.50 within this session.
